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

Vehicle production, as well as exports and domestic sales, increased in Brazil and Argentina last month compared to March 2020.


In Brazil, car production rose by 5.5pc to 200,340 units in March, from 189,958 cars in the same month of 2020, while car exports rose by 19.5pc to 36,782 units from 30,800 cars in the same time frame, according to the country’s Association of Motor Vehicle Manufacturers (Anfavea). Brazil’s domestic car sales grew by 15.7pc to 189,389 cars in March, from 163,591 vehicles sold in the same month of the prior year.


Four Brazilian carmakers that had suspended operations last week to protect their employees from the COVID-19 pandemic, will resume production this week.


Argentina’s car production surged by 125.2pc to 43,160 cars in March from 19,164 units produced in the same month last year and its vehicle exports rose by 60.8pc to 22,394 cars from 13,928 units in the same period under review, according to figures from the Argentine Association of Automotive Makers (Adefa). 


More than 60pc of cars exported from Argentina were shipped to Brazil followed by 8.2pc to Central America, 7.9pc to Chile, and 7.2pc to Peru, Adefa noted. Argentina’s domestic car sales increased by 71pc to 32,359 units in March, from 18,922 units in the same month of 2020.



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