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Brazilian vehicle exports climbed 48%

Staff Writer |
Brazilian auto industry export revenue increased by 47.9% in January to $809.8 million, the National Motor Vehicle Distributors Association (Anfavea) announced.

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In January last year, the industry had grossed $547.6 million with exports. Export volume saw an even sharper increase, by 56% year-on-year to 37,200 vehicles.

In January from December, however, numbers went down, by 13.2% for revenue and 40.8% for shipped amount. This is in line with forecasts, as the industry is expecting a 7% increase in exports in 2017, with revenue reaching $11.7 billion.

Foreign demand fueled production: in January, 174,100 units were made, including automobiles, light commercial vehicles, trucks and buses, up 17.1% from January of last year. In January from December, however, production was down 12.9%.

Conversely, domestic sales slumped by 5% to 147,200 units sold year-on-year, and 28% month-on-month.

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