São Paulo – Brazil’s National Motor Vehicle Manufacturers Association (Anfavea) reported this Monday (7) that exports were up 8.4% year-on-year in April, to 73,152 passenger cars, light commercial vehicles, trucks and buses shipped abroad. Year-to-date through April 2018, exports climbed 7.5% year-on-year to 253,359 units shipped.
Vehicle, farm implement and road machinery exports fetched USD 1.68 billion in April, up 36.8%, Anfavea said. Year-to-date revenue reached USD 5.77 billion, up 26.1% from a year ago.
Domestic sales came out to 762,880 vehicles through April, up 21.3%. In April alone, sales were up 38.5% to 217,300 units.
Anfavea chairman Antonio Megale said this was “the best April since 2015, and the best month since December 2015, which means numbers are slowly coming around.” He also said “We see that year-to-date, we had 763,000 units [sold], but are yet to match the average from the last ten years, which is 951,000 units. There’s still room for growth, but I think results are gradually coming,” he said.
*With information from the ANBA Newsroom. Translated by Gabriel Pomerancblum
