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Economy

Brazil car production up 19.3% in September

Sales also saw an increase—25.1 percent
Daniel Mello
Published on 07/10/2022 - 13:45
São Paulo
13/08/2013
REUTERS/Nacho Doce
© REUTERS/Nacho Doce/Proibida reprodução

Brazil’s car production was up 19.3 percent in September compared to the same month in 2021, as 207.8 thousand units were manufactured, a report released today (Oct 7) by national carmaker association Anfavea says. In the first nine months of the year, a growth of 6.3 percent was recorded from the period encompassing January to September last year, with 1.75 million vehicles assembled.

Sales rose 25.1 percent in September against the same month last year, with 194 thousand vehicles traded. From January to September, 1.5 million units were sold, down 4.7 percent compared to the same time span in 2021.

In the view of Anfavea head Márcio Leite, despite the drop in sales compared to last year, results are positive. Among the indicators he mentioned is the average sale of 9.2 thousand vehicles per day in September. “The daily average is really encouraging. It shows a constant market growth,” he noted.

Also according to Márcio Leite, the sector is still struggling with the difficulties in obtaining components—such as semiconductors. In his opinion, this matter should only be normalized late in 2023. Despite the hardships, he expects carmakers to sell 2.14 million vehicles by the end of the year. “[This has been possible due to] the creativity of our industry and logistics—they really had fewer hours of sleep, the effort has been greater, but we have been able to reach a satisfactory result,” he stressed.