São Paulo – Brazilian vehicle exports generated US$ 1.39 billion in revenues in August, an increase of 7.5% over July and of 22.2% compared with August of last year, according to figures issued by the National Motor Vehicle Manufacturers Association (Anfavea) this Thursday (8th).
Despite the increase in revenues, the number of units shipped in August (44,878) was 3.5% lower than in July. In comparison with August 2010, however, there was an increase of 4.7%.
From January to August, exports reached US$ 9.89 billion, 23.1% more than in the same period of 2010, according to the Anfavea. A total of 341,320 vehicles were exported, 5.2% more using the same basis of comparison.
Domestic vehicle production and sales were record highs last month. A total of 325,300 units were made, 5.9% more than in July and 5.5% more than in August 2010.
In the first eight months of 2011, 2.34 million vehicles were manufactured in Brazil, a 4.4% increase over the same period of last year.
In August, 327,400 vehicles were licensed, 6.9% more than in July and 4.7% more than in August 2010. in 2011, 2.37 million vehicles were licensed, 8% more than in the same period of last year.
Imported vehicles accounted for 22,4% of total sales in Brazil from January to August, i.e. 530,998 units, according to Anfavea. In other words, the country imports more than it exports.
*Translated by Gabriel Pomerancblum
