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  HOME | Brazil (Click here for more)

Brazilian Auto Production Declines

RIO DE JANEIRO – Motor vehicle production in Brazil fell 18.8 percent last month compared with March, the Anfavea trade association said on Friday.

At the same time, the 191,069 vehicles that rolled off assembly lines last month represented a gain of 11.4 percent from the level of output in April 2016.

Brazilian automakers produced a total of 801,600 units in the first four months of this year, up 20.9 percent over the same period in 2016.

Vehicle exports advanced 64.2 percent in January-April from the same period last year, to 232,192 units.

Brazil’s auto industry – No. 6 in the world – has suffered from the economic crisis that saw gross domestic product decline for two successive years for the first time since the 1950s.

Firms in the sector have resorted to early retirement, layoffs, and furloughs to bring the size of the workforce into life with sharply reduced demand for new cars and trucks.

Nearly 11,000 Brazilian autoworkers were affected by reductions in hours last month, according to Anfavea.

Sales of new vehicles in Brazil totaled 156,894 units last month, a drop of 3.7 percent month compared with April 2016, the dealers association said.

 

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