Brazilian auto production in May declined 25.3 percent year-on-year, to 210,086 units, according to data released by the nation’s automotive association, Anfavea.
According to Anfavea, output of automobiles in the fourth month of the year fell 3.4 percent month-on-month.
Media reports said several automakers in Brazil continued a halt in operations in June, as a way to balance production to the current low demand. Mercedes-Benz, Iveco, Fiat and GM are some of the companies that are not producing cars in June.
For the cumulative period of January-May, output of cars declined 19.1 percent to 1,092,323 units, the lowest level in eight years.
In May, Brazil exported 40,762 cars, up 41.7 percent month-on-month and 16.5 percent year-on-year.
Anfavea also downgraded its forecast for auto production and sales in 2015. The association expects sales of cars in 2015 will reach 2.7 million units, 20.6 percent less than the 3.4 million units sold in 2014. Until now, Anfavea was forecasting a 13.2 percent fall in domestic sales.
As for production, Anfavea expects output to decline 17.8 percent in 2015 to 2.5 million units.