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06/02/2018 - 18:21hs

Vehicle exports kick off 2018 with a record

In January, Brazilian automakers send 47,000 units abroad, the best result for the month ever, according to data released by National Motor Vehicle Manufacturers Association (Anfavea).

São Paulo – The year began with a new record for Brazilian vehicle exports. In January, the country sent abroad a little over 47,000 units of passenger and light commercial vehicles, trucks and bus chassis, the best result ever for the month. According to the National Motor Vehicle Manufacturers Association (Anfavea), the volume surpassed in 23.6% the one registered in the first month of 2017, but stood 23.1% below December’s results.

“The decline registered is normal from December to January. But this January was the best ever. When we analyze this month’s average, we can already see significant growth over the other years. We are well on track to surpass last year’s targets,” said Antonio Megale, the association’s president.

Anfavea is expecting a 5% growth in exports in 2018, ending the year with 800,000 vehicles shipped. In case the forecast turns to be right, it will be a new record for the sector, surpassing 2017’s results, with 766,000 units.

In value, January’s shipments – which also includes exports of agricultural and road machinery, auto parts and services provided by the automakers – rose 26% over the same month of last year, generating USD 1.03 billion to the sector. Over December, foreign sales revenues declined 21.6%.

Vehicle manufacturing yielding climbed 24.6% in the year’s first month, if compared to January 2017, and1.5% in comparison to December. The production lines produced 216,800 units, stated Anfavea.

“Production data, in January, shows a positive trend. Since January 2016, we resumed growth in the month and have already reached 217,000, which is the average of the last ten years. We are coming out of the market’s depressed state and are headed to more important numbers,” said Megale.

Local market began 2018 going up, with 181,300 units sold, up 23.1% over the same month of last year. But in the comparison with December, sales declined 14.7%.

*Translated by Sérgio Kakitani

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