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After Drop, Brazil’s Car Production Is Up Again

Vehicle production by assembly plants installed in Brazil amounted to 213.5 thousand units in November, 12% more than in October. The number of new registered vehicles rose 15.1%, to 158.4 thousand. These figures are from the National Association of Automobile Manufacturers (Anfavea).

In comparison with the same period last year, vehicle production was up 5.8%, and new vehicle registration, 14.1%. Exports grew 5.2% in November: 64,898 vehicles, as against 61,683 in October.

Last month’s numbers had shown a different picture. Those figures showed that motor vehicle production in Brazil had dropped 7.9% in October, in comparison to September.

Octobers’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. 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.

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%.

ABr

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