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Montevideo, November 17th 2018 - 08:53 UTC

Brazil car output and sales drop in September following on a strong August

Tuesday, October 8th 2013 - 18:20 UTC
Full article 7 comments
The country has become the world’s fourth largest auto maker The country has become the world’s fourth largest auto maker

Brazil's car output and sales dropped in September from August, adding to signs of economic weakness in the third quarter after a surprisingly good start to the year. Automobile production in Brazil dropped 2.5% and sales fell 5.9% in September from August, the national automakers' association Anfavea said

Part of the drop was due to the lower number of business days in September compared to August, according to data from the national car dealers association earlier this month.

Auto output had risen 9% and sales had slipped 3.8% in the prior month, according to previously reported data.

Brazil's economy accelerated in the first half of this year, thanks in part to tax breaks and state-subsidized loans offered by President Dilma Rousseff. Recent data suggests a sharp slowdown in the third quarter, though.

Brazil is the world's fourth-biggest auto market, with Italy's Fiat, Germany's Volkswagen AG and US-based General Motors and Ford Motor selling more than 70% of new cars in the market.

Fiat remained Brazil's top seller of cars and light trucks in September, with about 63,000 new registrations. VW stayed in front of GM, selling some 57,000 passenger vehicles compared with the US utomaker's roughly 51,000 cars and light trucks. Ford sold about 28,000 vehicles.

French car maker Renault SA kept its lead over Hyundai Motor Co with about 21,000 new registrations compared with its South Korean rival's roughly 17,000 sales.

 

Categories: Economy, Investments, Brazil.

Top Comments

Disclaimer & comment rules
  • Brasileiro

    This is an excellent third quarter. We will grow between 0,6% and 0,9% in the quarter. In the last quarter of the year will grow 1%. In total of the year 2013, we will grow between 3,6% and 4,0%. Excellent year. My prediction for 2014 is between 5.0% and 5.5%. By 2025, almost will double in size.

    Oct 08th, 2013 - 07:53 pm 0
  • reality check

    How many do you import from the evil empire?

    As I understood it, you were their biggest market, or is that for more affordable vehicles? Shit, we would all like to drive Mercs, BMW or even the odd jag!

    What does the average Brazilian drive?

    Oct 08th, 2013 - 09:51 pm 0
  • Brasileiro

    I can not see the amount of trade between Brazil and the UK, because it is not in the list of the ten most important countries for our trade.

    Following is the list of the ten countries that more sell products to Brazil(2012, USD Billions)

    China 34,2480
    Estados Unidos 32,3570
    Argentina 16,4440
    Alemanha 14,2080
    Coreia do Sul 9,0970
    Nigéria 8,0120
    Japão 7,7340
    Itália 6,1990
    México 6,0750
    França 5,9090

    Values ​​refer only Brazilian imports.

    Site / Source: http://www.brasilglobalnet.gov.br/ARQUIVOS/IndicadoresEconomicos/ComExtBrasileiroFEV2013.pdf

    Oct 08th, 2013 - 11:16 pm 0
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