Brazilian automotive manufacturing showed early signs of recovery in the past month, even though production is not close to pre-pandemic levels, according to Brazil’s National Association of Motor Vehicle Manufacturers, Anfavea.
In July, Brazil produced 170,300 cars rising 73pc rise over June production figures. However, the output was 36.2 pc below the same month in 2019. According to Anfavea, car production in July this year witnessed the lowest manufacturing volumes for the month since 2003.
Car sales stood at 174,500 units, also an all-time low for July since 2003, reflecting a 28.4pc decline over the prior-year period. However, a 31.4pc growth was seen, as compared to June.
In the first seven months of 2020, vehicle production, exports, and sales witnessed drops of 48.3pc, 43.7pc, and 36.6pc, respectively.