After Record Year Brazil Automakers Upbeat for 2005

Brazil’s automaker association (Anfavea) says it expects 2005 to be another good year for Brazilian automakers with further increases in production, exports and domestic sales.

Brazilian vehicle production rose 20.7% in 2004, compared to 2003. The strong performance was boosted by exports, which rose 51.8%, and domestic demand, up 10.5%.


Foreign sales of Brazilian-made vehicles brought in revenue of US$8.3 billion in 2004. Another bright spot in this picture is the fact that the sector added 11,000 new jobs. Employment in the sector thus rose from 91,000 to 102,000.


The Brazilian automotive industry close 2004 with record production and export levels. The previous production record had been established in 1997, when 2.07 million units were manufactured.


Between January and November, Brazilian vehicle production has already reached 2.02 million, which means a 20.8% increase over the same period of the previous year.


November was also the second best month in production level. 201,000 units were manufactured, a figure which is only inferior to the September volume of 203,000 cars.


Golfard stated that the production rhythm in the automobile industry will carry on being determined by the foreign market. In 2005, the increase should be maintained, however, by a smaller percentage. Estimates by Anfavea indicate a 7% increase for Brazilian automobile exports and revenues of US$ 8.6 billion.


ABr and Anba

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil’s PT: Between Loyalty and Independence

The Lula Administration has to work hard to form the majority in the Brazilian ...

This Brazilian Has a Knack to Find Art Inside Trash and Then Export It

The Helvécia community in Brazil is essentially black. But the group from the district ...

Santos Soccer Club Takes its Football Expertise to Egypt

Egyptians just saw the official inauguration of a football school for children and youths ...

2008 Predictions: Barack Becomes US President and Brazil Stocks Boom

Among predictions for 2008 made by Pequot Capital Chief Investment Strategist, Byron R. Wien, ...

Brazil to Promote Medical Tourism Overseas

The Brazilian Export and Investment Promotion Agency (Apex) and the Brazil Heath Consortium sign ...

Intent on Weaning from Argentina’s Wheat Brazil Plants More at Home

Brazil announced drastic plans to increase wheat production and cut its dependency on imported ...

Brazil’s Rural Housing Deficit at 1.7 Million

In Brazil’s rural areas, the population suffers from a housing deficit of more than ...

Make Your Bets

During the whole month of February and the first week of March the Immigration ...