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Brazil’s new-vehicle sales fell 5.6% month-over-month to 265,500 units in October 2026, the lowest level since April, after a 2.3% increase in September. Passenger-car sales declined 4.8% to 206,100 and light commercial vehicles dropped 8.3% to 47,800, while truck sales decreased 3.1% to 9,900 and bus sales slumped 29.1% to 1,700. Average daily sales eased to 12,600 units from 13,400 in September, but were 11.5% higher than a year earlier, while total sales rose 1.8% year-on-year. In the first ten months, sales reached 2.52 million units, up 16.1%, supported by the Carro Sustentável program, whose models sold 412,800 units (+22.3%), and by electrified vehicles, which jumped 125.7% to 495,700 units, lifting their share to 20.5% of light-vehicle sales from 10.7%. Imports kept rising, up 22.3% in October, with Chinese models now doubling Argentine ones in registrations this year.

Brazil Vehicle Sales Retreat in October

Frankfurt's DAX 40 pared its advance to trade around 26,575 on Wednesday, but remained at record levels, extending gains for the third day. Renewed enthusiasm for technology and AI-related stocks offset rising oil prices and concerns about interest rates. Meanwhile, the earnings season remains in focus. Tech stocks such as Infineon Technologies (+5.5%) provided the main boost, on the back of an upbeat outlook from CoreWeave and anticipation ahead of Anthropic's IPO. Siemens Energy surged over 8%, making it the top performer, after reporting record quarterly revenue, raising growth ambitions and expanding its share buyback programme. RWE rose 1.4% after saying its 2026 results are expected at the upper end of its guidance range, following a stronger-than-expected performance in the first nine months of the year.

DAX Cuts Gains But Remains at Record

Brazil’s vehicle production fell 5.1% month-over-month to 254.5 thousand units in October 2026, the lowest level since July, after a 1.1% decline in September. Light vehicle output dropped 5.3% to 241.7 thousand units, as passenger car production decreased 3.6% to 201.5 thousand and light commercial vehicles slumped 13% to 40.2 thousand. Truck production edged down 1.9% to 11.4 thousand units, while bus output was nearly flat at 1.4 thousand. Compared with October 2025, production rose 2.7%, as gains in passenger cars (9%) and trucks (12.2%) offset sharp drops in light commercials (-20.6%) and buses (-33.4%). In the first ten months of the year, output increased 8% from the same period of 2025 to about 2.42 million units. However, the sector continued to face external headwinds, with exports plunging 28.3% year-on-year in October, while registrations of imported vehicles jumped 22.3%.

Brazil Vehicle Output Drops in October

Brent crude rebounded more than 3% to above $94 a barrel on Wednesday, recovering from a 10-week low driven by persistent tensions in the Middle East and limited progress in peace negotiations. Iran reiterated that it would not surrender any enriched nuclear material, highlighting a key obstacle to talks, while Tehran denied that negotiations with Washington were underway despite President Donald Trump’s suggestion that further US strikes might not be necessary. Meanwhile, Saudi crude production rose 26% in October to 10.56 million barrels per day, its highest level since the war began. In the US, the American Petroleum Institute reported that crude inventories increased by 9 million barrels last week, while distillate stocks gained 1.5 million barrels. Separately, the EIA raised its 2027 forecasts for average US gasoline and diesel prices to $3.73 and $5.03 per gallon, respectively, but maintained its domestic crude production estimate at 14.3 million barrels per day.

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