Brazilian auto association cuts forecast for production, sales in 2019

The Brazilian automotive association, Anfavea, has lowered its forecast for production and sales in 2019, mainly due to a weak export market.

Production is now estimated to reach a total of 2.94 million vehicles, compared with January’s forecast of 3.14 million units, Anfavea said on Monday October 7. This would represent a growth of 2.1% from last year, when Brazil produced 2.88 million vehicles. Anfavea largely attributed the reduction to the economic crisis in Argentina, which is the main importer of...

Published

Felipe Peroni

October 08, 2019

06:45 GMT

São Paulo