Brazilian auto production stood at 119,700 units in January, up by 4.2pc from Jan 2020, but down by 4.6pc from the preceding month. Exports in the month stood at 25,000 units, up by 21.9pc from a year ago, but down 34.8pc from December 2020, according to the National Association of Motor Vehicle Manufacturers (ANFAVEA).
Vehicles registered in January were 171,100 units, down by 11pc from January last year and 29.8pc from December, indicating a negative performance. Although the performance has started to improve compared to the previous quarters in 2020, the auto sector is still facing some trouble.
Production in the country remains hit due to a lack of semiconductors. The stock of vehicles also is low in Brazil, ANFAVEA stated. Brazil continues to struggle with COVID-19 cases, which will have a bearing on the performance of the sector, the auto association said.