The Brazilian automotive association, Anfavea, has lowered its forecast for production and sales in 2019, mainly due to a weak export market.
Production is now estimated to reach a total of 2.94 million vehicles, compared with January's forecast of 3.14 million units, Anfavea said on Monday October 7.This would represent a growth of 2.1% from last year, when Brazil produced 2.88 million vehicles.Anfavea largely attributed the reduction to the economic crisis in Argentina, which is the main importer of...