Brazil on Target to Produce Record 2.4 Million Vehicles This Year

Brazzil Magazine covers

Vehicle production in Brazil this year (January to September) has reached 1,834,861, a new record, up 12.6% over the same period last year.

During the same period, vehicle exports rose 38.7% in value, reaching US$ 8.3 billion (compared to US$ 6 billion in 2004).

According to the president of the automaker association (Anfavea), Rogelio Golfarb, the target for the year is to produce a total of 2.4 million units, another record, up 11% over 2004.

Automobiles with engines that can use more than one type of fuel are taking over from automobiles with gasoline-powered engines. In July, flex-fuel automobiles accounted for 58% of the 138.7 thousand cars sold in Brazil.

During the first half of the year, 381.16 thousand flex-fuel vehicles were sold, more than in the entire year of 2004. They represented 42% of the total number of automobiles licensed in Brazil in the January-June period.

Gasoline-powered cars, which accounted for 68.3% of total sales in July, 2004, saw their market share reduced to 35.6% in July of this year. They represented 51% of overall sales in the first half of the year.

According to Golfarb, production is accompanying the growth of sales in this segment. Last year only 20.2% of the country’s total production of 1.57 million automobiles had flex-fuel engines. Most of the production (66.3%) corresponded to gasoline-powered cars.

ABr

Tags:

You May Also Like

Brazzil Magazine covers

Lula Shows the UN a Rosy Picture of Brazil Where Hunger Is on Its Way Out

Brazilian President Luiz Inácio Lula da Silva affirmed today that Brazil is engaged in ...

Brazzil Magazine covers

Brazil’s Financial Market Expecting Inflation Below 5% in 2006

The first "Focus Bulletin" of the year, released today by Brazil’s Central Bank (BC), ...

Brazzil Magazine covers

Best-seller Books, Plays and Movies

By Brazzil Magazine Alta Sociedade (High Society)—A rich and famous couple has to face ...

Brazzil Magazine covers

Brazil’s Odebrecht to Spend US$ 2.6 Bi for Piece of Ethanol Market

The Odebrecht group, one of the leaders of the Brazilian heavy construction and petrochemical ...

Brazzil Magazine covers

Brazil and Argentina Can’t Find Common Ground on Trade Barriers

Officials from Brazil and Argentina failed to reach an agreement to defuse growing tensions ...

Brazzil Magazine covers

Bank of Brazil Goes to the Emirates in Search of Investment

The Bank of Brazil (BB) is finally going to open a representation office in ...