Highest production level of the year is highlighted in Anfavea’s October balance sheet

The National Association of Automobile Manufacturers (Anfavea) presented the automotive industry balance sheet of October and of the first 10 months of the year. “All figures for this month are in line with our projection for year’s end. The results indicate the third year of recovery of the automotive sector as a whole, even with the drop in exports,” said Anfavea president Luiz Carlos Moraes.

Production – For the vehicle sector, the monthly result of 288,500 units pointed to a 16.6% increase compared to September, and 9.6% compared to October last year. It was the best month of production this year, and a record since August 2018. Year-to-date, at 2.55m units, up 3.6% over the same period last year.

Licensing – The domestic market, with 253,400 units, also registered an increase in comparison with the previous month, of 7.9%. There was a slight decrease of 0.5% compared to the same month of 2018. Once again the trucks stood out with 9,400 plates, the best October since 2014. In the accumulated of the year, with 83,700 units, the growth is 37.9% over last year. The bus industry already has more sales in 10 months than in the 12 months of the last three years.

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