Supply shortages, pandemic cause heavy drops in new car production and sales in February

According to the National Association of Automotive Manufacturers (ANFAVEA), the stock of new cars in the country is sufficient for only 18 sales days.

RIO DE JANEIRO, BRAZIL - The crisis and supply shortages in the industry had a negative impact on domestic car sales in February. According to data released on Friday by automobile manufacturers' trade association ANFAVEA, the market for cars, light commercial vehicles, trucks and buses fell 16.7% in February to 167,400 vehicles, compared to the same month in 2020.

In the year-to-date, retraction stood at 14.2% in the two-month period compared to last year. A total of 338.500 vehicles were licensed nationwide.

Stocks are still low. With 98,000 units, the industry and dealers . . .

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