Automotive production in Brazil declined by 31.6pc to 2.01 million cars in 2020, from 2.9 million vehicles in 2019 according to the country’s Association of Motor Vehicle Manufacturers (Anfavea).
Exports also fell by 24.3pc to 324,300 units in 2020, from 428,200 cars in 2019. Meanwhile, domestic sales were short by 26.2pc to 2.1 million cars in 2020, from 2.8 million units in 2019. Anfavea expects Brazil’s car production to increase by 25pc to 2.38mn units in 2021.
In December 2020, production stood at 209,300 vehicles, up by 22.8pc from 170,500 cars in the same month of 2019. Exports rose by 32.4pc to 38,400 units from 29,000 units in the prior year period. Domestic sales fell by 7.1pc to 244,000 cars in December from 262,600 units in the same month of 2019.
Brazil’s crude steel output increased by 11.2pc to 2.95mn mt in November 2020 from 2.65mn mt in the same month of 2019, according to the Brazilian Steel Institute (Aço Brasil).