Anfavea reduces estimates of Brazilian vehicle production and exports by 2018

Anfavea reduces estimates of Brazilian vehicle production and exports by 2018

SAO PAULO (Reuters) - The National Association of Automotive Vehicle Manufacturers (Anfavea) on Friday reduced its projections for production and export of vehicles ...

SAO PAULO (Reuters) - The National Association of Automotive Vehicle Manufacturers (Anfavea) on Friday reduced its projections for production and export of new vehicles from Brazil in 2018 but maintained expectations for 11.7 percent growth in sales. internal.The entity now projects a 11.9 percent rise in domestic vehicle production in 2018, compared to a 13.2 percent growth forecast released earlier this year.Already the export estimate was revised for stability, against projected high of 4.5 percent in January."We were coming at a stronger pace of exports, but we are starting to see Mexico and Argentina, Brazil's two main markets, re-ordering," Anfavea President Antonio Megale told repo...


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