Car production in Brazil declined 15.5 percent month-over-month to 233 thousand units in June 2019, following a 3.1 percent gain in the previous month. Output fell for light vehicles (-15.7 percent to 220 thousand); trucks (-10.6 percent to 10 thousand); and buses (-15.9 percent to 2.33 thousand). Year-on-year, auto production dropped 9 percent. Car Production in Brazil averaged 110552.57 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 260000.00 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 267000.00 in 12 months time. In the long-term, the Brazil Car Production is projected to trend around 270000.00 Units in 2020, according to our econometric models.