Brazil's motor vehicle output in February this year decreased by 17.9 percent from the previous month to 229,300 units, according to the Brazilian Motor Vehicle Manufacturers Association (Anfavea). The country's motor vehicle output increased by 5.2 percent in February over the same month last year. In addition, in the first two months of this year Brazil's motor vehicle output increased 18.4 percent compared to the corresponding period of the previous year, amounting to 508,600 units.
According to the report, total new motor vehicle registrations in Brazil amounted to 546,562 units in the first two months of this year, increasing 5.6 percent year on year. 21.2 percent of this figure consisted of imported new vehicles.
Meanwhile, Brazil's motor vehicle exports in February this year totaled 31,743 units, falling by 12.4 percent compared to the previous month and down 12.9 percent year on year. In the first two months of the year, the country's motor vehicle exports decreased 2.2 percent to 67,975 units, compared to the corresponding period of the previous year.
Meanwhile, in February the revenue generated by motor vehicle exports fell by 3.8 percent year on year to $1.1 billion, but increased by 12 percent month on month. In January-February, Brazilian motor vehicle exports totaled $2.1 billion in value, falling by 4.9 percent compared to the first two months of the previous year.