Car production in Brazil fell 27.4 percent month-over-month to 178 thousand units in December 2018, following an upwardly revised 7 percent decrease in the prior month. It is the sharpest monthly decline since December 2009 when auto production slipped 51.3 percent. Output declined in all segments: light vehicles (-27.3 percent to 169 thousand), trucks (-26.5 percent to 7.38 thousand) and buses (-46.5 percent to 1.11 thousand). Year-on-year, auto production shrank 16.8 percent. Considering the full 2018, auto production rose 6.7 percent over a year ago to around 2881 thousand units. Car Production in Brazil averaged 109417.34 Units from 1957 until 2018, 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 250000.00 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 255000.00 in 12 months time. In the long-term, the Brazil Car Production is projected to trend around 265000.00 Units in 2020, according to our econometric models.