Brazil Breaks Auto Production Record

Brazil Breaks Auto Production Record

The world’s fourth largest car market saw sales of 3. 5 million so far this year.

SAO PAULO -- Vehicle production in Brazil, the world's fourth largest car market, reached a record 3.5 million units over the first 11 months of the year, according to industry data released Thursday.

The total beat a previous record of 3.4 million units produced during the whole of 2011 and was up 11.8% over the total for last year, the National Association of Motor Vehicle Manufacturers (ANFAVEA) said.

Exports during the period totaled a record $15.4 billion with 522,900 units sold, up 29.4% from last year.

Production for November reached 289,600 units, down 10.7% from the previous month and 8% from November 2012.

Output of farm machinery also set a record of 94,000 units during the first 11 months of the year -- up 20.7% over the same period of 2012.

ANFAVEA chief Luiz Moan Yabiku Junior attributed the good results to the strong performance of the agribusiness sector and to the export demand.

Copyright Agence France-Presse, 2013

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