General

According to the import and export data released by the Brazilian Automobile Manufacturers Association (Anfavea) on the 8th local time, in October of this year, the output of Brazilian cars was 206000, down 0.8% month on month and up 15.1% year on year.

According to the import and export data, in October, the output of cars and light commercial vehicles in Brazil was 187300, down 0.9% month on month and up 14.3% year on year. The output of trucks was 15600, up 4.2% month on month and 13.5% year on year. The output of buses was 3126, down 17.7% month on month and up 139.7% year on year.

In the first 10 months of this year, Brazil's car production totaled 1.9624 million, up 7.1% year on year. According to the import and export data, the output of cars and light commercial vehicles was 1.8032 million, up 7.1% year on year. The output of trucks was 132300, up 4.2% year on year. The output of buses was 26900, up 69.8% year on year.

Import and export data show that in terms of employment, in October, the number of employees in Brazil's automobile industry was 104300, a slight decrease of 0.2% month on month and a year-on-year increase of 1.7%.

Meanwhile, in October, Brazil exported 42700 cars, up 49.8% month on month and 43.5% year on year. According to the import and export data, Brazil exported 406300 cars in the first 10 months of this year, up 32.4% year on year.

M á rcio de Lima Leite, president of the Brazilian Automobile Manufacturers Association, said that since this year, the shortage of spare parts in Brazil's automobile manufacturing industry has greatly improved, and the automobile production has shown a good trend. In addition, the increasing volume of automobile exports has strongly promoted the recovery of Brazil's automobile manufacturing industry. It is estimated that the country's automobile production will reach 2.34 million vehicles this year, an increase of 4.1% year-on-year.