Brazil Registers Lowest Vehicle Production in Ten Years

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Automotive production in Brazil fell by 25.6 percent in May in comparison to the same month last year and by 3.4 percent in relation to April of 2015, according to data from Anfavea (National Automotive Manufacturing Association). The accumulated contraction from January to May is now at 19.1 percent. The decline in production is a result of the weak auto sales results for the first five months of the year, which were 20.9 percent lower than during the same period last year.

Although sector analysts were . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?