São Paulo – Brazil exported 416,900 vehicles in 2015, up 24.8% from 2014, the National Motor Vehicle Manufacturers Association (Anfavea) reported this Thursday (7). Revenues in US dollars, however, dwindled 8.7% to USD 10.5 billion. The US dollar rose sharply in relation to Brazil’s real last year.
In December, 334,200 units were exported, up 97.2% from December 2014 and 26.5% from November 2015, Agência Brasil reported. Export revenues reached USD 820 million, up 12.5% from December 2014 and down 5.2% from November 2015.
Anfavea is expecting an 8.1% increase in number of vehicles exported this year.
Last year, 2.43 million vehicles were manufactured in Brazil, down 22.8% from 2014. Domestic sales of new vehicles reached 2.57 million, down 26.26%.
Anfavea is expecting output to edge up 0.5% in 2016, but domestic sales could drop by as much as 7.5%.
*Translated by Gabriel Pomerancblum
