Brazil sees drop in vehicle production and sales in January

Vehicle production in Brazil fell 27.4 percent in January compared to the previous month, while sales dropped 26.1 percent, according to figures published by the National Association of Automotive Vehicle Manufacturers (Anfavea) on Monday. Last month, the country manufactured a total of 145,400 cars, light commercial vehicles, trucks, and buses, while selling 207,100 units.

Compared to January 2021, the sector exported 6.6 percent more vehicles, but 33.5 percent less than December. Over the 12-month period, exports rose 16 percent.

Vehicle production was down 31.1 percent from January 2021, when the sector had yet to face a shortage of electronic components and the impacts of the Omicron coronavirus spread. Compared to December, light vehicles had a 12.8-percent drop in volume last month.

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