Anfavea to reduce projection for Brazilian vehicle exports in 2018 due to Argentine crisis

Anfavea to reduce projection for Brazilian vehicle exports in 2018 due to Argentine crisis

SAO PAULO (Reuters) - Anfavea's president Antonio Megale said on Thursday that the entity should make a negative adjustment in the projection for exports of vehicles from ...

SAO PAULO (Reuters) - Anfavea's president Antonio Megale said on Thursday that Anfavea should make a negative adjustment in its projection for Brazil's vehicle exports this year, reflecting the impact of the crisis in Argentina.The current projection of the National Association of Motor Vehicle Manufacturers is of stability in foreign sales.Megale said the entity should also adjust its projections for sales and production, presenting the new numbers next month.Regarding the domestic market, Megale said the entity's bias is positive, indicating that the estimate for sales growth could rise from the current 11.7 percent upward forecast.Production should be slightly adjusted, showing a balance between the favorable moment in the domestic market and worsen...


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