Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Brazil and Argentina saw a decline in their car production and exports in February due to the continued impact of the COVID-19 pandemic. 


Brazilian car production fell by 3.1pc to 197,035 units in February from 204,206 cars in the same month of 2020. During the same period, its exports declined by 12.2pc to 33,064 units from 37,677 a year ago, according to the country’s Association of Motor Vehicle Manufacturers (Anfavea).


In February, Argentina’s auto output fell 16.5pc to 21,809 units from 26,133 units in the same month last year. Exports declined by 16.9pc to 15,055 cars in February from 18, 115 cars in February 2020, according to figures from the Argentine Association of Automotive Makers (Adefa). Of the total number of cars shipped, about 62.1pc was exported to Brazil, and the rest to Central America, Chile, Colombia and Peru. Domestic sales went down by 1.9pc to 26,676 cars in February, from 27,191 units a year ago.

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