Brazil’s auto production declined 22.9 percent in April, year-on-year, and 13.6 percent, month-on-month, to 169,813 units, the nation’s automotive industry association, Anfavea, said on Thursday.
According to Anfavea, Brazil’s domestic sales of autos in April declined 25.7 percent, year-on-year, and 9.1 percent, month-on-month, to 162,939 units.
Brazil exported 37,851 autos in April, 26.3 percent up, year-on-year, but nearly 2 percent down on a month-on-month basis.
As for the cumulative period of January to April, Brazil produced 658,745 units, 25.8 percent down, year-on-year. Domestic sales and exports totaled 644,250 and 136,358 units in the four-month period, 27.9 percent down, but 24.3 percent up, year-on-year, respectively.
Anfavea’s president, Antonio Megale, noted Brazil still experiences a challenging economic and political scenario. “We live in a moment of a big instability and lack of confidence, both from consumers and investors, which has negatively impacted the automotive sector.”