Brazilian Auto Industry Breaks Records. 73% Are Flex-Fuel Cars.

Brazilian vehicle assembly plants produced 198,448 units in January, 20.5% more than in January, 2005, and the largest number ever in the month of January. The data were announced Tuesday, February 7, by Brazil’s National Automobile Manufacturers Association (ANFAVEA).

According to the organization, exports, responsible for US$ 740.1 million in revenues, 16.8% more than in January, 2005, also established a new mark for the month of January.

Domestic sales, which amounted to 132.8 thousand units, registered the second largest volume on record for the month of January. Last year, domestic sales in January amounted to 106.6 thousand units.

According to ANFAVEA president Rogélio Golfarb, the sector has been experiencing "a process of acceleration" since the final quarter of 2005, reflecting the overall "improvement" in the economy, "which makes workers feel more secure about buying vehicles on the installment plan."

The data released by the organization also indicate the rising level of purchases of vehicles with flex-fuel engines, which can operate on both alcohol and gasoline. 73% of the units sold in January were vehicles of this type.

"We expect to continue growing, because domestic consumers were quick to adhere to this technology, which is characteristically Brazilian," Golfarb observed.

"Other countries are beginning to take a look at what we are doing here and see it as a green fuel alternative," he added.

According to the automobile executive, the industry hopes to maintain a rising level of exports this year, even if the pace is slower in consequence of the unfavorable exchange rate.

"The goal is to reach around US$ 11.5 billion, a 2.7% increase," he commented.

ANFAVEA foresees a 7.1% increase this year in domestic sales, totaling 1.8 million units. Overall production is expected to grow 4.5%, to a total of 2.6 million vehicles.

Agência Brasil

Tags:

You May Also Like

Lula Is Ahead in the Polls. This Time Around Brazilian Markets Cheer.

Latin American stocks advanced, with Brazilian shares getting a boost from robust local retail ...

Brazil to Stop Requiring Visa from Americans

The President of Brazil’s Chamber of Deputies, Severino Cavalcanti (from the Progressive Party of ...

5000 Journalists from 67 Countries Coming to Brazil’s WSF

The 5th World Social Forum (WSF), which will take place from January 26 to ...

Brazilian Chicken Exports to Middle East Grow 17%, Bring 66% More Revenue

The volume of Brazilian exports of chicken to the Middle East should break a ...

Brazil Welcomes Bush’s Vows to Put and End to Farm Subsidies

President Bush and Brazilian President Luiz Inácio Lula da Silva have issued a joint ...

Brazil’s Would-Be President Goes on Hunger Strike and Alienates Own Party

PMDB presidential pre-candidate Anthony Garotinho is on a hunger strike. It began on Sunday ...

Calendar

In a city brimming with earthly delights, one’s thoughts turn to finding a little ...

Brazil Sees China and India as Model and Threat

The challenges posed to Brazil by the development of China and India will be ...

A Brazilian’s Theory on Heart Disease Gets Some Respect in the US

Considered fascinating by many physicians and scientists, the myogenic theory of myocardial infarction, developed ...

Brazilian Industry Back at Level Where Global Crisis Started

According to Brazil’s National Confederation of Industries (CNI), Brazilian industry revenues are growing in ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`