Brazil’s vehicle production rose by 23.6pc in August to 210,900 units from July, making it the highest production output since the start of the COVID-19 pandemic, however, still down by 21.8pc from August 2019, stated a report by the National Association of Automotive Vehicle Manufacturers (Anfavea).
Truck production rose by 7.3pc to 7,316 units as compared to July, but fell by 31.8pc from August 2019, while coaches output stood at 1,714 units, up by 7.1pc from July and down by 35.7pc from the same month last year.
Auto sales in August stood at 183,400 units, up by 5.1pc as compared to last month, but fell by 24.5pc from the same month last year.
Brazilian auto exports last month fell by 3.4pc to 281,000 units from July and by 23.4pc as compared to the same month year prior.
In the January-August period, auto production stood at 1.11mn units, down 44.8pc, as compared to 2mn units in the same period last year.
During the same period, Brazil produced 1mn units of car and light vehicles, down by 45.2pc from January-August 2019.
In January-August, truck production declined by 36.6pc to 7,316 units from last year period, while coaches’ output stood at 12,200 units, down by 36.5pc.
In the first eight months of 2020, Brazil’s auto exports dropped by 41.3pc to 176,700 units as compared to the same period year prior.
Brazilian auto sector witnessed a significant decline in August when compared to the same month last year but was not enough to recover from losses incurred in the last few months, indicating a long road to recovery to reach pre-COVID-19 figures, Anfavea stated.
The Brazilian automobile manufacturing industry is expected to gradually return to normalcy in the next few months, it added.
The association said that the global vehicle sector will produce 75mn units this year as compared to 91mn units in 2019, generating unprecedented idleness in the industry worldwide.