Thursday, June 8, 2023

Vehicle production in Brazil plummets 19.5% in April

automotive production in Brazil plummeted 19.5% in April, compared to March, with 178,853 units manufactured, a fall impacted by the drop in sales, which has led several plants in the country to stop their activities, the employers’ association of the sector reported on Monday.

In the year-on-year comparison, the production of cars, light commercials, trucks and buses fell by 3.9%, according to the monthly report released by the National Association of Automotive Vehicle Manufacturers (Anfavea).

And it is that of the thirteen stoppages of assemblers that have been registered so far this year, nine occurred in April.

This led to a drop in the saleswhich last month decreased by 19.2% compared to March.

However, in the year-on-year comparisonsales grew both in April (+9.2%), and in the accumulated year.

“Despite the difficulties credit and high interest rates, which mainly affect retail sales, we have sold 633,000 units so far in 2023, a 14% more than last year, when the crisis was only one of shortages,” said the president of Anfavea, Márcio de Lima Leite, at a press conference.

According to the executive, in addition to the drop in sales of automotive In the country, exports also decreased by 24% compared to March, with falls in the main markets of the South American giant.

In Argentina, a country that suffered severe restrictions on imports in April due to currency problems, sales decreased by -13%.

Already in Mexico they fell 18%, in Colombia 20% and in Chile they plummeted 48%.


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