Car production in Brazil rose 10.9 percent month-over-month to 197 thousand units in January 2019, rebounding from an upwardly revised 21.75 fall in the previous month. Output increased for light vehicles (10.7 percent to 164 thousand) and buses (73.5 percent to 1.92 thousand) while dropped for trucks (-7.7 percent to 6.81 thousand). Year-on-year, auto production declined 10 percent. Car Production in Brazil averaged 109417.34 Units from 1957 until 2018, reaching an all time high of 352531 Units in April of 2013 and a record low of 2144 Units in February of 1957.
Car Production in Brazil is expected to be 250000.00 Units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Car Production in Brazil to stand at 255000.00 in 12 months time. In the long-term, the Brazil Car Production is projected to trend around 265000.00 Units in 2020, according to our econometric models.