After several successive months of growth, the Brazilian automotive market reversed a little in July.

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Brazil’s national automakers association Anfavea said 202,383 vehicles were produced last month, down 6.3% on the 216,025 units made in June.


Local sales fell 6.6% to 138,744 in July versus 148,491 in June.


Anfavea said this was the result of a decision by Brazil’s Central Bank to keep interest rates high. The bank has set the Selic (the brazilian basic interest rate) at 19.75% per year, one of the highest in the world.


But a political crisis is also affecting consumer confidence. Many politicians are currently under suspicion of corruption, including some leaders of the PT, the political party of Brazilia president Luiz Inácio Lula da Silva, and consumers are becoming concerned that the crisis could affect the country’s economy.

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Fiat remained the top seller of cars and light commercials in July, selling 34,768 vehicles for a 26.6% market share. Volkswagen was next with 28,458 units and 21.8% but General Motors was very close behind with 28,347 vehicles sold and 21.7%.


Exports of Brazilian-made vehicles also decreased in July to 68,737 units, off 7.8% versus the 74,521 vehicles exported in June.


Nonetheless, though last month’s results showed a decline, year-on-year the industry is growing again.


According to Anfavea, 1,404,768 vehicles were built between January and July, up 14.5% versus the 1,226,651 units made in the same period of 2004.


Vehicle sales rose 9.6% in the same period, from 856,927 units in the first seven months of last year to 938,872 vehicles in 2005. And, between January and July of this year, local automakers shipped 464,667 vehicles, up 36.2% year on year.


Rogerio Louro









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