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

Bye Bye, Brazil

Brazilians have a great custom which is an instant ice breaker. They kiss everybody ...

Brazzil Magazine covers

Leather Software Made in Brazil for Export

This Brazilian group's goal is to provide complete software solutions to the international market. ...

Brazzil Magazine covers

Brazil’s 14-Year Law Regulated to Protect What’s Left of Atlantic Forest

After more than a decade of wait and using the International Conference on Biofuels ...

Brazzil Magazine covers

Post-Holiday Season Brings Smooth Upswing to Brazil Market

Latin American stocks were mixed, with Brazilian stocks taking the lead with gains. Meanwhile, ...

Brazzil Magazine covers

For Brazil It’s Better to Have Venezuela’s Chavez Inside than on the Loose

Mercosur is suffering a "serious institutional problem" because there hasn’t been effective understanding between ...

Brazzil Magazine covers

Incubator Center in Brazil Hatches a Hit: Robot Football

Have you ever imagined a football game played by robots? Well what may seem ...