Friday, September 22, 2023

Vehicle production in Brazil rises 5% in January

Sao Paulo.– Brazil, the ninth largest vehicle manufacturer in the world, registered a production of 152,700 units in January, 5% more than in the same month of 2022, the industry employers reported on Tuesday.

These data represent a contraction of 20.3% compared to December, in a movement always expected for the first month of the year, according to the statistics released by the National Association of Motor Vehicle Manufacturers (Anfavea).

The president of Anfavea, Márcio de Lima Leite, explained that the sharp increase in production compared to January 2022 is partly explained because a year ago there were supply problems for chips and other components.

Exports reached 33,000 vehicles in January, a jump of 19.3% compared to the first month of 2022 and 5.9% more compared to last December.

In terms of sales, 126,500 vehicles were registered in January, a volume 12.9% higher than the same month last year, while compared to last December there was a 34.1% reduction, also expected each year by the market.

The union leader said that the “takeoff” in sales is expected to consolidate from March, since in February the sector must stop due to the Carnival holidays.

The employers foresee that in 2023 2,421 million vehicles will leave the factories, with a growth of 2.2%.

In 2022, Brazil produced 2.37 million units, 5.4% more than in 2021, but it did not recover pre-pandemic levels and sales (2.1 million units) had a slight decrease from 0.72% last year.

In the year, exports increased by 27.8% compared to 2021, to reach 480,947 units in 2022 and once again reach pre-pandemic levels.

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