LatinNews Regional Monitor: Brazil & Southern Cone - 9 January 2019

* Brazil’s national association of automotive manufacturers (Anfavea) has registered an increase in the production and sales of vehicles in 2018. The production of automotive vehicles increased by 6.7% compared to 2017, totalling 2.89m units, while sales increased by 14.6% to total of 2.56m units. Within this, however, exports fell by 17.9%. Antonio Megale, president of Anfavea, notes that a strong internal market has driven the overall positive results, and that exports have been negatively affected by the economic contraction in Argentina, the principal destination for Brazilian vehicles.

End of preview - This article contains approximately 92 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial