Connect to share and comment

Car output, sales, exports up in Brazil this year

PlacardEnlarge
(Globalpost/GlobalPost)

Vehicle production in Brazil, the world's fourth largest car market, shot up 18.1 percent in the first half of this year while sales rose 4.5 percent and exports 7.2 percent, according to industry data released Thursday.

Between January and June, production in Brazil reached 1.86 million vehicles while sales totaled 1.80 million units, the National Association of Motor Vehicle Manufacturers (ANFAVEA) said.

It added that exports totaled $7.9 billion in value.

In June, output fell 7.8 percent over the previous month but was up 15.5 percent over the same month of 2012.

Sales rose 0.8 percent last month over May, but fell 9.8 percent over June 2012.

For the whole of this year, ANFAVEA forecast a 4.5 percent hike in production to 3.5 million units and an increase of 3.5 to 4.5 percent in sales to 3.9 million units.

ym/ga/rcw

http://www.globalpost.com/dispatch/news/afp/130704/car-output-sales-exports-brazil-year