• Categories
  • Archives

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:

  • Show Comments (1)

  • Guest

    NO. OF AUTOS
    HOW MANY AUTOS ARE ACTUALLY ON THE ROADS OF BRAZIL?

Your email address will not be published.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

Don’t Let Your Guard Down, Experts Warn

Advertorial H1N1 virus has no cure, but there is a way to prevent it ...

Brazil’s Lula Goes on a Good-Bye Tour Spreading Money and Good Will

Brazilian president Luiz Inácio Lula da Silva is on a tour of Latin America ...

Brazilian Businesses Call EU Offer Unacceptable

It now looks like Mercosur and the European Union will not reach a trade ...

Brazil Approves New Antiblindness Treatment

Eyetech Pharmaceuticals announced yesterday approval of Macugen in Brazil for the Treatment of Neovascular ...

Brazilians Cheer the New Year with Bullish Push

Brazilian and Latin American stocks gained ground on friendly signals from the U.S. Federal ...

Profits at Brazil’s Petrobras Reach Record US$ 6.9 Billion

During the first nine months of this year, Petrobras – Brazilian Petroleum, S.A. – ...

A Cambridge PhD and the Heir to Brazil’s Biggest Bank Among Marina Silva’s Advisors

Two economists with graduate studies in Cambridge and Massachusetts Institute of Technology, a lawyer ...

The Bottom Line

By Brazzil Magazine Cardoso was elected because of his success, as Finance Minister in ...

Brazil Exports Grow Twice as Much as World Average Exports

Exports from Brazil generated the second best result of the year in August, with ...

Adopting US Digital Technology Would Be Shame for Brazil, Says Argentinean

The decision by Brazil on its digital format could influence the future of telecommunications ...