Brazil’s Automotive Sector Sees Growth with Renault’s Performance in 2024
Brazil’s auto production surged by 23.8% to 217,631 units in February 2025, while sales rose by 8% to 184,960 units. Renault recorded substantial sales figures for 2024, highlighting its global operational presence.
In February 2025, Brazil experienced a significant increase in auto production, which rose by 23.8% compared to January, reaching a total of 217,631 units. Additionally, auto sales in the nation saw an 8% increase, amounting to 184,960 units, as reported by the automobile manufacturers’ association, Anfavea.
Renault, a leading player in the global automobile industry, reported substantial net sales breakdowns for fiscal year 2024. The majority of revenue, 89.9%, came from the sales of 2,264,815 vehicles, while services, including financing and maintenance, constituted 10.2% of total sales. The company operates 34 industrial sites worldwide.
Geographically, Renault’s net sales were distributed with 29.9% from France, 49.8% from Europe, 8.3% from the Americas, 5.1% from Eurasia, 3.9% from the Asia/Pacific region, and 3% from Africa and the Middle East. Their last close price was reported at 47.85 EUR, with an average target price of 59.22 EUR, indicating a spread of +23.75% in consensus assessments.
In summary, Brazil’s automotive sector demonstrated strong growth in February 2025, with notable increases in both production and sales. Furthermore, Renault, as a prominent automobile manufacturer, showcased its revenue structure and geographical distribution of sales, reflecting its significant presence in the global market.
Original Source: www.marketscreener.com
