Motoring on: Brazil’s heavyweight OEMs prepare for growth

Truck Mercedes Benz

Brazilian truck and bus sales picked up strongly last year following the country’s long recession, and now both OEMs and logistics providers are hoping the trend continues 

Brazil’s economy is slowly emerging from a multi-year recession. Companies are gradually becoming more confident, investment and credit are re-emerging and long-delayed projects are returning to fruition. The country’s GDP growth is expected to reach around 2.5% this year, while inflation remains at 4%, the benchmark Selic interest rate is sitting at 6.5%, and unemployment is slowly improving at around 10%.

In 2018, vehicle manufacturers recorded robust growth in bus and truck sales. OEMs say that Brazil still has pent-up demand for trucks and buses and the outlook this year is bright, with favourable economic indicators and new reform-minded economy minister, Paulo Guedes, aiming to drive pension reforms and privatisation programmes through…

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