Brazil Sets Record in Vehicle Production: 213.400 Units in May

Export earnings from sales of vehicles, agricultural machinery, auto parts, and motors rose 33.8% in May, compared with the same period last year, and 1.7% in relation to April of this year.

Motor vehicle production attained the mark of 213,400 units, the most ever for the month of May. These data were released June 6 by the National Association of Motor Vehicle Manufacturers (Anfavea).


Anfavea estimates that exports will grow 7% this year, compared with 2004. Sales are expected to amount to US$ 9.8 billion.


Anfavea president, Rogélio Golfarb, commented, however, that the sector’s growth rate will be lower in 2005 than in 2004.


“Our worries stem from two factors: the substantial appreciation of the real and cost increases in general, mainly in the prices of industrial commodities, which raises production costs.”


Between January and May, 984.8 thousand units were produced, 13.52% more than during the same period last year.


Exports have totaled US$ 4.077 billion so far this year, 35.5% more than in the first five months of 2004. Domestic vehicle sales rose 3.9% in May, when 142,978 units were sold.


Agência Brasil

Tags:

You May Also Like

Sex Change Is Human Right in Brazil and Can Be Made for Free

Sex-change operations can now be made for free in Brazil, courtesy of the Brazilian ...

Escola Graduada in São Paulo, Brazil

I’m American, But Brazil Is Still the Place I Call Home

The summer of 1970 was not an easy one for me. I would be ...

In Brazil, Political Reform Is Dead, Long Live the Pizza

Starting this week, it is enough to count up to 30. The House has ...

The Manifesto

By Brazzil Magazine In April, 1998, I gave a seminar at the International Holistic ...

Brazil’s Petrobras Has US$ 37 million to Sponsor the Arts in 2007

Brazil's state-controlled oil company Petrobras will introduce today in Brazilian capital BrasÀ­lia the Petrobras ...

Brazil Tragedy: Rio Ready to Remove Favelas Residents by Force if Necessary

After Rio’s tragedy, with over 223 confirmed deaths, 140 of them in Niterói, the ...

Brazil and Mercosur Snub the US and Back Venezuela for UN Seat

Mercosur full members expressed on Friday, July 21, support for Venezuela to occupy the ...

Brazil Champions Animal Welfare at International Conference

The Abef (Brazilian Poultry Exporters Association) went to Cairo, Egypt, from October 20 to ...

Hollywood Gets a Taste of Brazil’s Folk Celebration, the Festa Junina

Forróçacana (pronounced Foh-haw-sacana) is one of the most important bands of Forró in Brazil.  ...

Brazil Has Deployed Close to 30,000 Troops to Defend Amazon Riches

Nelson Jobim, Brazil's Minister of Defense, announced he will be visiting neighboring countries to ...