Rising vehicle inventories prompted Brazilian car makers to reduce production by 6.8 percent last month compared with September, according to the Brazilian National Automaker's Association (Anfavea), writes Rogério Louro Alves.

Local manufacturers produced 127,912 vehicles during October compared with September’s 137,263 units. Year-on-year production fell 13.2 percent.

However, sales of both locally-made and imported vehicles grew 10.6 percent in October to 111,202 units compared with the 100,520 vehicles sold in September. But year-on-year sales were off 15 percent.

Vehicle exports grew 8.7 percent to 38,379 vehicles compared with September while year-on-year October shipments rose 17.4 percent.

To view related research reports, please follow the links below:-

The automotive industry in Latin America: Mexico, Brazil and Argentina Forecasts to 2005 (download)

The world's car manufacturers: A financial and operating review (download)

Light vehicle niche markets 2000