Brazilian vehicle output shrank by 3.9% year-on-year during December 2019, because higher domestic registrations were not enough to offset the continuing tumble in export volumes, local automakers' association Anfavea said on Tuesday January 7.
The country produced 170,501 units in the last month of 2019, in comparison with 177,503 units a year before. These were the lowest monthly figures since 144,300 units in February 2016, the association added.Local vehicle registrations totaled 233,063 units in December, rising by 13.1% from 206,089 units in the corresponding period of 2018. Exports, meanwhile, reached 28,998 units, an 8.5% year-on-year decrease from 31,709 units....