São Paulo – Brazilian vehicle exports dropped 14.6% in October compared to the same month last year, with shipments of 29,800 vehicles. In the first ten months of the year, the sale of vehicles abroad increased by 26.8%, with 306,800 units, according to a balance released on Monday (8) by the Brazilian National Association of Motor Vehicle Manufacturers (ANFAVEA).
Vehicle production also recorded a 24.8% drop in October compared to last year’s same month, with 177,900 units. From January to October this year, 1.8 million vehicles were produced, an increase of 16.7% over the same period in 2020.
According to the president of ANFAVEA, Luiz Carlos Moraes, the retraction in sales in October reflects the challenges faced by the industry, such as the lack of components, which are in global shortage. The forecast is for these issues to continue impacting the sector’s activities until next year. “2022 will still be a year of great challenges in the delivery of semiconductors in the auto sector,” he added.
Translated by Elúsio Brasileiro
