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:

You May Also Like

Brazilians in Boston Invited to Hear About That Fish That Got Away

The New England Aquarium in Boston is having a special event on September 24 ...

Brazil Wants to Anticipate in Five Years Mercosur’s No-Tariff Policy

Brazil will recommend bringing a zero tariff policy forward for imports between Mercosur and ...

Europe to Get Brazil’s Eco-fabric

In December, Brazilian stylist Caio Von Vogt will be exporting his first load of ...

Brazil Finds Out It Has Too Many Plans and Too Little Coordination

Several Brazilian groups have got together and began drawing up a proposal for a ...

Brazilian Companies Leave Urban Centers and Move to Interior

The majority of legally constituted companies in Brazil are still concentrated in the great ...

Brazil’s Trade Balance Surplus One Third Bigger than Last Year’s

Brazil's trade balance surplus (exports minus imports) in the second week of May 2009 ...

Brazil’s Congress and the Joy of Treading Mud While Staying in Place

In these weeks leading up to the 120th anniversary of the Abolition of Slavery ...

Brazil's Potiguara Indians

Brazil’s Highest Court Sides With Indians Against Rice Farmers

Brazil's Supreme Federal Court (STF) has denied writs of mandamus which challenged presidential decrees ...

Brazilian Women Earn 30% Less than Men

The number of employed women rose in Brazil, but their salaries have not followed ...

The Income Trap

The increase in the minimum wage serves to reduce the tragedy of income inequality ...