Brazil’s Motor Vehicle Production Falls 40%, But Industry Is Pleased

The motor vehicle production in Brazil dropped 7.9% in October, in comparison to September. Last month’s production totaled 191,326 units, whereas September’s was 207,692 units.

When compared to October of last year, there was a 39.6% production decrease, according to the sector’s monthly balance, announced Friday, November 4, by the National Association of Automobile Manufactures (ANFAVEA).

According to the entity’s president, Rogélio Golfarb, production reduction was already expected.

"These are what we call negative tendencies. On the other hand, we do have some tendencies that may be positive for next year. One of them is the interest rate reduction. Depending on how fast it gets to the consumer, we may offset this problem," said Golfarb.

All series of lightweight vehicles presented similar lows varying from 7.4 to 7.7%. Truck production was the most affected, with a decrease of 11.8% (10,138 units produced in October versus 11,492 in September).

In comparison to October of last year, this reduction was of 8.9%. The production of buses also dropped in October; there were 2,662 units against 2,846 in September. Nevertheless, according to Golfarb, Anfavea evaluates that the market is doing well.

Exports of commercial and passenger vehicles dropped 16.6% from September to October; however, the sector accumulates a 29.3% increase in exports this year, in comparison to the same period last year.

In October, Brazil exported 61,792 vehicles of different types, against 74,057 in September. When compared to October of 2004, the reduction was of 18.1%.

Agência Brasil

Tags:

You May Also Like

Brazil’s Lula Party Accused of Donating US$ 5 Million to FARC

The Administration’s leader in Brazil’s Chamber, Deputy Professor Luizinho (PT-SP), criticized accusations published in ...

The Price of a Slave in Brazil

Brazil is responsible for 15 percent of women trafficked in South America, a great ...

Brazil and globalization

In the Globalization Going on in LatAm, Brazil Is Last in Line

Despite growing populism and political tensions, Latin America is becoming more globalized, according to ...

Brazil’s Lula in Paraguay for Mercosur Summit

Brazilian President Luiz Inácio Lula da Silva is in Assuncion, Paraguay, for the 28th ...

Catholic? No, Chaotic, says Cardinal about Brazil’s Lula

Two Brazilian cardinals already in Rome for the conclave that will choose a new ...

Brazilian bishop Luiz Flávio Cappio

Lula’s and Pope’s Emissaries Try to End Brazilian Bishop’s Hunger Strike

The head of the Brazilian Secretariat of Institutional Relations, Minister Jaques Wagner, is on ...

Jobs in Brazil: Exclusion Is the Norm

According to a new IBOPE study, 74 percent of the companies in Brazil have ...

A Lot to Share

It was from Kerala that the Portuguese collected pepper and introduced it in Brazil. ...

Brazilian Ruling Party, the PT, Wants to Control the Press and “Democratize Media”

Luiz Inácio Lula da Silva, the former president of Brazil and the undisputed leader ...

Rio and Sí£o Paulo Police Use License to Kill Over 1000 Times a Year

Brazilian police officers in Rio de Janeiro and São Paulo, in the country's Southeast, ...