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...

Published

Felipe Peroni

October 08, 2019

06:45 GMT

São Paulo