Brazil on Target to Produce Record 2.4 Million Vehicles This Year

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

Brazil Almost Doubling Its Army to Half a Million Men in 20 Years

The Brazilian government plans to increase the number of its voluntary army from 300.000 ...

Favela children in Rio, Brazil

It’s All a Matter of Class Not Color, Say Brazilians. Just Another Myth!

Continuing with the theme of "those racists Americans", most people are familiar with the ...

Brazil’s Trade Surplus Falls in Half to US$ 2.5 Billion

According to Brazil's Ministry of Development, Industry and Foreign Trade. exports from Brazil reached ...

Fallen Brazil’s Chief of Staff Says his Hands Are Clean

José Dirceu, in a speech announcing his resignation as Presidential Chief of Staff, declared ...

Brazil’s Supreme Grants Injunction and Boy Sean Goldman Stays in Brazil

Minister Marco Aurélio Mello, from the Brazilian Supreme Court (STF) decided to grant habeas ...

Dollar Out in Brazil-China Trade. Real and Yuan In

Brazil's Central Bank (BC) informed that it has reached an initial understanding with China ...

Brazil Has Already Exported 25% More than in 2004

Through the first week of April, Brazil’s exports in 2005 totaled US$ 25.039 billion. ...

In Brazil, Police Go After Corrupts While Congress Can’t Make Up Its Mind

An important event took place in Brazil this past Wednesday, July 9. The CCJ, ...

Brazil’s GDP Grows 4.2% in First Half

Brazil’s first semester GDP growth closed out up 4.2%, compared to the first half in ...

It’s Brazilian Hélio’s day! A Cinderella Story at the Indy 500

On a day that could never have been imagined the very foundation of Brazilian ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`