Brazilian vehicle production increased by 0.50% year on year in April 2019 with a heated domestic market offsetting significantly lower export volumes, mainly to Argentina.
Automotive output totaled 267,546 units last month, up from 266,140 units a year before, manufacturers' association Anfavea said on Tuesday May 7. Despite the slight increase, production totaled 965,393 units in the first four months of the year, although this was still down by 0.10% from 965,894 units produced in January-April 2018.The domestic market in Brazil continued to show signs of increasing demand. New registrations by local...