Keep An Eye on Brazil Automotive Industry
The Brazilian automotive industry is not only still heated but the pace of work is increasing. At least that is what indicates the results of February 2019 with regard to the production of cars in the country: were 257.2 thousand units manufactured in the last month. If that number alone does not say much to you, know that it represents an increase of 29.9% compared to January 2019, when 198,200 vehicles were produced.

Compared with the same period of 2018, there is also an increase in production, this time of 20.5% compared to last year. The data were disclosed by Anfavea, the association of automakers that manufacture in Brazil. The rise in vehicle production in February accompanies the sale of new cars. Commercialization increased 26.6% over the same period last year, according to information released by Fenabrave, the country's association of concessionaires. Regarding the export of Brazilian vehicles, which had kept the industry warm in 2018, the data are not so encouraging. Compared to February figures last year, there was a 38.9% drop in light passenger and commercial car exports. It is worth remembering that, last year, the national automobile industry registered a growth of almost 50% in sales of vehicles to other countries, and the biggest buyer of Brazilian cars was Argentina. Now, our neighbors are experiencing a crisis that directly affects the sale of new cars, impacting the Brazilian production that supplies the brothers' market.