Vehicle sales up 12%, exports down in Brazil

The country saw 1.55 million units sold year-to-date through July. Foreign sales were down 38% during that.

Agência Brasil

São Paulo – Vehicle sales climbed 12.1% year-to-date through July 2019 from the year-ago period, to 1.55 million units sold. Year-on-year in July, sales were up 12% to 243,600 vehicles. In July from June, sales were up 9.1%. The numbers were made public this Tuesday (6) by the National Motor Vehicle Manufacturers Association (Anfavea).

Vehicle exports slid by 38.4% year-to-date through July. Exports were down 15.7% year-on-year in July, and up 4.2% in July from June.

“We are still witnessing a decline in exports basically due to Argentina. This month we had a minor increment in exports to Colombia and Mexico, which helped offset that decline, but we are estimating that exports could lead to a 29% drop in total numbers by the end of the year,” Anfavea president Luiz Carlos Moraes said.

According to the association, output was up 3.6% year-to-date through July, to 1.74 million vehicles. Year-on-year in July, output climbed 8.4%, to 266,400 units. In July from June, it was up 14.2%. “Production increased significantly, in line with domestic market growth a with the new export scenario,” said Moraes.

Translated by Gabriel Pomerancblum

Marcelo Camargo/Agência Brasil

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