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Vehicle production increases 42% and has better October since 2014

Automobiles

In all the months of 2017, production registered growth when compared to the same period of the previous year

n October, the number of vehicles produced in the country reached the mark of 249.9 million cars. According to a survey released on Wednesday (8) by the National Association of Automobile Manufacturers (Anfavea), the growth was 42.2% compared to the same period of 2016 and 5.3% compared to September.

In all the months of 2017, production registered growth when compared to the same period of the previous year. In the accumulated, the increase was 28.5%. That means 2.24 million units left assembly lines in 2017, up from 1.74 million last year.

For the president of Anfavea, Antônio Megale, the automotive industry serves as a thermometer for the economy of the country as a whole. This is because 4% of the Gross Domestic Product (GDP) of the national industry comes from the automotive sector.

"This means that when production increases in this sector we will have new jobs, have more resources turning in the economy and certainly more technology and innovation," said the secretary of development and industrial competitiveness of the Ministry of Industry, Foreign Trade and Services, Igor Calvet.

Sales of cars increased 1.8% in October, when 202,900 units were sold. Regarding exports, the increase was 2.5%, since 61,600 cars were traded in the foreign market.

According to the president of Anfavea, this was the best October since 2014. "In addition, the average daily sales pace remains above 9.5 thousand units, plus a sign of a resumption of confidence in the face of positive economic indicators, unemployment, falling inflation and falling interest rates, "Megale said.

The agricultural machinery also had an improvement in sales: 3% more in October, compared to September. In the case of trucks, the increase was 46%. Anfavea estimates that up to the year's balance, sales growth will reach 7.3%.

Source: Government of Brazil, with information from Anfavea