São Paulo – Vehicle sales dropped by 31.4% in January this year from December 2014, as per a survey from the National Motor Vehicle Manufacturers Association (Anfavea) released this Thursday (5th). In all, 253,800 units were sold, against 370,000 in December last year. Compared with January 2014, the decline was less pronounced, at 18.8%.
The result reflects the end of the reduction in the Tax on Industrialized Products IPI). The tax break was made effective in May 2012 to keep the economy going in the face of the international economic crisis.
The data also show a modest 0.4% increase in vehicle production in January from December. In absolute terms, 204,000 cars were made in the last month of last year, and 204,800 in the first month of this year. Year-on-year in January, production was down 13.7%. In the 12-month period ended January, production is down 14.9%.
*Translated by Gabriel Pomerancblum
