“The [estimate] was announced […] both for light and heavy vehicles, such as buses and trucks, and in combustion engines as well as ethanol, full flex, hybrid, and electric,” said vice-President and Development Minister Geraldo Alckmin.
As car prices have skyrocketed in the last few years, the market should not see a recovery any time soon even if interest rates are lowered, experts heard by Agência Brasil argue.
In November, production reached 215,800 vehicles, up 4.9% from the same month of 2021 and 4.7% from October, as per the country’s car makers association Anfavea.
The increase is noted from the same month last year. The first nine months of 2022 were up 6.3% from the same time span last year, with 1.75 million vehicles assembled.
En el primer semestre del año, la caída en la producción de vehículos fue de 5% respecto a igual período de 2021, informó Anfavea. La crisis mundial afectó a la indústria.
Português 
Español 
