Vehicle production in Brazil increased in February with late Carnival holidays in 2019 helping to keep figures high during the month, although exports were still under pressure, local automotive association Anfavea said on Monday March 11.
Brazilian automakers produced 257,233 light vehicles, trucks and buses in February, up 20.5% from 213,498 units a year earlier. Volumes also grew 29.9% from 198,095 units in January.According to Anfavea, February's output was the highest since October last year.Analysts said the higher overall production figures reported by Anfavea could be just the effect of a late Carnival festival in Brazil. The Carnival typically takes place in February, but this...