Brazilian automakers produced 695,730 light vehicles, trucks and buses during the first quarter of 2019, down by 0.6% compared with 699,754 units in the same period of 2018, national car manufacturers association Anfavea said on Thursday April 4.
March had a weaker performance on an annual basis because of late Carnival festivities in 2019, but the data also showed a year-on-year output decrease in January. Lower demand from Argentinian customers was the main reason behind the decline.Exports totaled 104,562 units during the quarter, falling by 42% from 180,207 units a year before. Argentina is the biggest...