Mensajepor Mr_Baca » Mié Dic 07, 2011 10:16 am
DJ Brazil November Auto Sales Fall 2% On Year, Rise 16% On Month
07-Dic-2011
SAO PAULO (Dow Jones)--Brazil auto sales dropped in November as the global economic slowdown affects consumer sentiment in the world's fourth largest auto market, automaker association Anfavea said Wednesday.
November sales of cars and light commercial vehicles reached 305,183, a 15.7% increase from October, but a 2% drop from November 2010.
Through the end of the month, Brazil sales totaled 3.1 million vehicles, a 4.3% climb from the first 11 months of 2010, Anfavea said.
The association had expected sales to climb about 5% this year, to end December with 3.69 million vehicles sold. Last month, Anfavea President Cledorvino Belini affirmed that estimate, saying that year-end sales are traditionally strong, especially since this time around they're accompanied by government measures to stimulate growth, such as lower taxes and falling interest rates.
Auto output climbed 3.8% from October, but fell 11.1% from the year-earlier period. The industry produced 250,788 cars and light commercial vehicles during November, for a total of 2.9 million autos this year, flat from the same period in 2010.
Auto exports reached $1.1 billion during November, for a total of $11.3 billion so far this year, an increase of 16% from the 2010 period. November exports rose 6.1% from the same month in 2010, but slipped 4.8% from October of this year. Exports including farm machinery climbed 20% this year to $14.1 billion.
Fiat SpA (FIATY, F.MI) maintained its title as the top-selling brand in Brazil, with 53,008 vehicles sold during the month. Volkswagen AG (VLKAY, VOW.XE) was second, with 50,917 vehicles sold. General Motors Co. (GM) was third with 47,213, and Ford Motor Co. (F) was fourth with sales of 21,542.