October car sales in Brazil drop 10% surprising dealers and the auto industry

Mercopress, 11/04/2011

Car sales in Brazil dropped 10% in October compared to the previous month according to the country’s dealers association, Fenabrave turning warning lights on for the global auto industry. This follows September’s decline that affected all of Brazilian industrial production.

Brazilian dealers sold 280.608 vehicles in October, 7.4% less than the same month a year ago and 19% less than forecasted by Fenabrave since slower production was also helped by a calendar month with several national holidays.

In September Brazilian industrial production was down precisely because auto manufacturers faced with growing inventories temporarily closed down some plants or send personnel on vacation.

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