Brazil’s car production fell 31.6 percent in 2020 | Instant News

(MENAFN) On Friday, January 8, the National Association of Vehicle Manufacturers (Anfavea) announced that Brazil’s auto production fell 31.6 percent in 2020 compared to the previous year, while exports fell 24.3 percent due to the novel COVID-19. pandemic.

Brazil, Latin America’s largest economy, produced 2,014,055 cars and exported a total of 324,330 units in 2020, compared with the previous year, when it produced 2,944,988 cars and exported 428,208 units.

Anfavea stated that the drop to 2016 levels shifted Brazil from eighth to ninth position among the world’s biggest carmakers, being beaten by Spain.

Anfavea President Luis Carlos Moraes stated in the video symposium: “Last year, we faced a crisis in the Argentine currency in exports, but for 2021, we expect greater demand from other South American markets such as Colombia, Chile and Peru.”

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