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Brazilian auto production increased 18.7% in February from January

Saturday, March 5th 2011 - 07:14 UTC
Full article 12 comments
Fiat remains as the best selling brand in Brazil Fiat remains as the best selling brand in Brazil

Automobile production in Brazil rose 18.7% in February from January, setting a record for the month, as exports surged on the back of increased global demand for automobiles, industry data showed on Friday.

Carmakers in Latin America's largest economy produced 310,700 new cars and trucks last month, 24% more than the same month of 2010, national automakers' association Anfavea said.

Sales rose 12% to 274,200 units on a sequential basis, while exports drove production higher after jumping 16.6% to the equivalent of 1.1 billion USD, Anfavea said.

The data adds to evidence that Brazil's fastest economic expansion in 24 years is losing momentum in an uneven manner. While production of some manufactured goods are suffering in the wake of a strong currency and tighter credit, car dealerships are stepping up discounts to lure new buyers.

Exports surged 20.4% in January as measured by volume to 64,564 units. On a year-on-year basis, exports by volume rose 21.5%.

Brazil is a key market for the world's biggest automakers, including Italy's Fiat; Germany's Volkswagen; and US-based General Motors and Ford Motor Co).

Fiat was Brazil's best-selling brand in February, with registrations totalling 60,737 vehicles. That represented a 30% gain from January. Volkswagen sold 54,608 units last month, followed by GM's 46,329 units and Ford's 23,646 cars.

Sales of imported vehicles rose 7.6% and jumped 53% from February 2010, according to Anfavea.
 

Categories: Economy, Brazil.

Top Comments

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  • arquero

    You need to shame..you have 3.5 million market ( two times of UK)
    but don't have any own brands car companies !

    built your own brand(s) ..let's come and assist to develop your designs !

    Mar 05th, 2011 - 10:12 am 0
  • Forgetit87

    Arquero, you're from Turkey, right? What does your country produce? Cars, buses, airplanes, anything like that?

    Mar 05th, 2011 - 02:30 pm 0
  • arquero

    Forget..true..I'm Balkan originated like 50% population.

    unfortunately ,Turkey is inept like Brasil in this area to has own brand.

    production/year is 900.000----1.000.000 units.
    in Turkey production : Hyundai, Toyota , Honda , Renault , Fiat , Ford ,
    Peugeot ,Mercedes(bus) , Two Turkish brands truck, Gelly &Cheery coming.

    here,there is no --mortgage system- you should buy in cash or 50%
    Bank Credit....oil/per litre (3 US $ ) 50 % of it's tax .

    Turkey has own military equipments and vehicles brands and F-16 ,F18
    montage productions under NATO concept.

    Turkey's most succesfull area is in durable white goods which has
    3 global Firms who covered just 62%market share of total Europe.
    in Textile,i don't think they will be able to compete against Asia.

    Last year Lula was here,i know some dealings made about Embraer
    short-medium range plane production here and with Petrobras
    deep sea drilling ..
    *****
    Brasil Nat Football Team is very popular here,so many Brasilian
    players has,...Alex de Souza is very very smart guy..really .

    Mar 05th, 2011 - 03:46 pm 0
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