Brazilian auto exports fell in January. Imports posted its highest share of registered cars since 2014.
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Results released by the vehicle manufacturers association revealed a 16% decrease in foreign sales of light commercial vehicles, buses, and trucks.
In March, sales of light vehicles in the Moroccan market dropped 11% to 36,800 units. Dacia, Renault, and Hyundai were the best-selling brands among passenger vehicles.
Association Abraciclo has revised up its 2018 estimate on the back of good results seen from January to November.
The Brazilian company grossed BRL 194 million from foreign sales during the third quarter of the year.
Brazil saw 80,690 units made last month, but exports are on their way down.
The country purchased USD 1.83 billion worth of completely knocked-down (CKD) automobile kits from January to August 2018. The number is up 96% from a year ago.
Brazilian foreign sales are concentrated mainly on basic goods, but measures are being taken for finished products to increase their share.
A provisional measure that creates the program Rota 2030 was signed this Thursday (05), aiming to make the Brazilian auto industry adapt to the new global challenges in the production and use of cars.
Sales of passenger cars, light utility vehicles, trucks and buses dropped by 7.11% in May from April.
The Brazilian cars, light commercial vehicles, trucks and bus bodies market totaled 762,900 units from January to April, according to the sector’s association.
