Brazil’s Automobile Industry Sees Growth in February 2025

Brazil’s auto production increased by 23.8% in February, totaling 217,631 units, while auto sales rose 8% to 184,960 units. Renault reported 2.26 million vehicle sales in 2024, with significant portions from services and global operations across 34 sites.

In February, Brazil experienced a significant increase in auto production, which rose by 23.8% compared to the previous month, reaching a total of 217,631 vehicles. This rise reflects a positive trend in the manufacturing sector, as noted by data from automakers association Anfavea. Furthermore, auto sales surged by 8%, amounting to 184,960 units during the same month, underscoring a recovering demand in the market.

Renault, a prominent global automobile manufacturer, reported net sales primarily from vehicle sales, which constituted 89.9% of its revenue in 2024. The company sold a total of 2,264,815 vehicles, with Renault brand vehicles making up the bulk of sales at 1,577,351 units. Their services, including financing and maintenance, contributed 10.2% to the revenue.

As of the end of 2024, Renault operated 34 industrial sites globally, indicating a strong manufacturing presence. Geographically, their sales distribution indicated 29.9% in France, 49.8% in Europe, and smaller percentages in other regions such as the Americas (8.3%) and Asia/Pacific (3.9%). Moreover, the last close price for Renault shares was at 47.85 EUR, with an average target price of 59.22 EUR, reflecting a consensus spread of +23.75%.

Brazil’s automotive sector saw a robust growth in February, with a notable increase in both production and sales. Concurrently, Renault’s global operations displayed strong financial performance driven primarily by vehicle sales, alongside a diverse range of services contributing to its revenue. This positive market outlook and operational efficiency indicate a strong recovery in the automotive industry overall.

Original Source: www.marketscreener.com