Car production in Brazil decreased 6.4 percent month-over-month to 241 thousand units in March 2019, after an upwardly revised 30.7 percent gain in the previous month. Output fell for light vehicles (-5.9 percent to 231 thousand); buses (-33.8 percent to 1.67 thousand) and trucks (-13.6 percent to 8.32 thousand). Year-on-year, auto production declined 10.1 percent. Car Production in Brazil averaged 109906.47 Units from 1957 until 2019, 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 245000.00 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 260000.00 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.