São Paulo – Brazilian vehicle exports amounted to US$ 1.02 billion in July, up 19.7% from June, but down 32.2% from July last year. Year-to-date through July, export revenues were down 23.5% from the same period last year. The industry results have been released this Wednesday (6th) by the National Motor Vehicle Manufacturers Association (Anfavea, in the Portuguese acronym).<\/p>\n
The Anfavea chairman Luiz Moan has maintained the same forecasts as last month’s. The association expects a decline of 10% in output, 5.4% in sales and 29.1% in exports. Still, he believes H2 performance will far exceed that of H1. “We are hoping to see more sales and exports in the second half,” Moan said. He said performance should benefit from the fact that the second half of 2014 will have more working days than the first. <\/p>\n
Vehicle sales were up 11.8% in July from June to 294,768 units sold, including passenger vehicles, trucks and buses. July on July, however, sales were down 13.9%. Year-to-date through July, sales were down 8.6%. Output was up 17% in July from June, and down 20.5% July on July. Year-to-date, sales were down 17.4%.<\/p>\n
Moan remarked that the economic integration process underway with Argentina is preventing the latter country’s economic crisis from affecting the Brazilian industry and exporting countries even further. He called for a reduction in production costs in Brazil, so that the local industry may become more competitive and gain international market share. <\/p>\n
*Translated by Gabriel Pomerancblum<\/strong><\/p>\n