Brazil: vehicle production drops 2.9% in February, says Anfavea

The production of vehicles (automobiles, light commercials, trucks, and buses) dropped 2.9% in Brazil in February 2023 compared to the same period last year.

There were 161,200 units in the second month of this year against 165,900 units in February 2022.

The data was released on Monday, 6, by the National Association of Automotive Vehicle Manufacturers (Anfavea).

Compared to January, the industry showed a 5.8% growth in production (161,200 against 152,700).

Sales of new cars dropped 1.8% in February compared to the same period last year.

There were 129,900 vehicles sold in February 2023, against 132,300 units sold in the same period of 2022.

Compared to January 2023, there was a drop of 9%.

Exports also fell in February compared to the same period in 2022.

There were 17.2% fewer vehicles sold to other countries.

Anfavea highlights, however, that even with the drop in exports, there was an increase in sales values.

The trucks were the responsible ones, which had a higher cost.

There were US$943 million in export values in February 2023, compared to US$731 in the same period in 2022 – a 33% increase.

“Remembering that January was also marked by a collective vacation period, and now we are pointing to this growth in monthly production,” said Márcio de Lima Leite, president of Anvafea, at a press conference.

However, concerning the two months, there is a slight increase of 0.8% – 313,800 against 311,400.

With information from Revista Oeste

More: Brazil news in English, every day from The Rio Times.