Brazil auto market to top 3M vehicles in 2026, imports from China reshape share

Anfavea raised its 2026 Brazilian vehicle sales growth forecast to 15.2%, projecting 3.09 million units, the first time above 3 million in 12 years. Unlike the 2014 peak, domestic manufacturers will now compete with a significant share of imports, mostly from China, signaling a structural shift in market composition. The forecast implies robust domestic demand but also intensifying competition for local producers.