Vehicle production in Brazil will drop 45% by 2020

Anfavea released a new production projection this year. The entity now estimates 1.630 million vehicles. This represents a drop of 45% compared to 2019. The entity started the year expecting growth of 7.3%. Anfavea has also revised its export expectation. The entity expects the sector to export 200 thousand vehicles, which represents a decrease of 53% compared to last year. January’s projection was for a reduction of 11%.

Source: Valor Investe