Lower Sales Overseas Put a Break on Brazil’s Autoindustry

Ford's assembly line in Brazil Brazil autoindustry's slow pace of production in the first quarter is due to the reduction in exports during the period, according to the president of the National Association of Manufacturers of Automotive Vehicles (Anfavea), Rogélio Golfarb.

Data just released by the Association show that exports fell 9.5% in the quarter when compared to the same period last year.

This year were exported 182,129 units while 201,243 were exported last year. Compared to February exports grew  6.8%  (68.581 against 64.233), but they fell 5.3% when compared to March 2006 when 72.404 vehicles were sold abroad.

In March the car companies produced 246,475 vehicles against 203,450 in February (21,1% more). In comparison with the same month last year, the production was 7.4% bigger. Production grew 45% compared to same period in 2006.

Automobile assembly plants are increasing their sales in Brazil at a higher rate than that of auto manufacturing. In March, the assembly plants sold 31.8% more national and imported vehicles than in the previous month (193,450 over 146,765).

The number of units produced rose at a slower pace, although it was also good: 246,475 over 203,450 (21.1%).

Compared with March 2006, the difference between increase in sales and production was even more pronounced. Sales increased by 23.4% (156,788 vehicles were made available for sale in that year), and production, by 7.4% (229,394).

In a comparison between the first quarter of 2007 and 2006, the data showing increase in sales and production, respectively, are: 18.1% (493,146 over 417,559) and 4% (655,226 over 630,328).

Exports in March this year increased compared with February (6.8%, 68,581 over 64,233), but decreased by 5.3% compared with March 2006 (when 72,404 vehicles were exported). In the first quarter last year, 201,243 vehicles were exported, against 182,129 vehicles in the first quarter this year, a 9.5% decrease.

Tags:

You May Also Like

While Foot and Mouth Outbreaks Grow Brazil Tells World Disease Is Under Control

The Brazilian government confirmed Tuesday, October 18, three new outbreaks of foot and mouth ...

Stampede Time

Investors have been pulling their money out of the Brazilian market at a frantic ...

Brazil: Rio Intent on Keeping Hoof and Mouth at Bay

The government of Rio de Janeiro, Brazil, has launched the second phase of this year’s ...

Brazil Makes Biodiversity Corridor a Tourist Attraction

Brazil’s Ministry of Environment (MMA) and the government of Amapá will sign a memorandum ...

Over a Dozen Presidents and Hillary Clinton Will Be at Inauguration of Brazil’s New President

Fourteen presidents, at least, including Colombia’s Juan Manuel Santos and Venezuela’ Hugo Chavez, plus ...

Stronger Ties

"This is an exhilarating time in the Brazil-U.S. relationship: a time of change, a ...

Most of Brazil’s 3,400 Refugees are from Angola and Live in Sí£o Paulo

The UN High Commissioner for Refugees reports that there are 3,400 refugees in Brazil ...

Brazil Opens Office in Africa to Share Agricultural Expertise

African nations are set to benefit from Brazilian expertise in tropical agriculture thanks to ...

Brazil Proud to Go from IMF Borrower to IMF Lender

Brazilian President Luiz Inácio Lula da Silva said he wants to be the first ...

Brazil Tells World It Won’t Be Swayed on Iran Issue: ‘We’re Independent’

In Iran for political and technical discussions with the Tehran government, Brazil’s foreign minister, ...