Brazilian vehicle export increased 18.4%
From January to September, however, export revenues shrank 3.2%, from the year-ago period, to $7.7 billion.
The amount of units exported increased in both comparisons. September saw 38,779 vehicles sold, up 15.8% from September 2015. From January to September, 351,175 units were shipped abroad, a 19.2% increase over the comparable period in 2015.
The Anfavea said exports of higher value-added products were up in September, hence the increase in both amount and revenue.
On the domestic front, according to the government news outlet Agência Brasil, 160,000 vehicles were sold in September, down 20.1% from a year ago. Year-to-date through September, 1.5 million units were sold, a 22.8% drop from a year ago.
Production slid 2.2% in September to 170,000 units. Year-to-date industry output fell 18.5% to 1.55 million vehicles. ■