Brazil’s motor vehicles production plummets in April
Motor vehicles production in Brazil declined significantly in April 2020 to only 1,847 cars from 189,958 in March, as most of the automakers’ business activity was frozen from March 23 onwards.
Many companies voluntarily decided to stop production in order to prevent COVID-19 infections among factory workers and due to the shortage of parts, as Chinese suppliers reduced their production as well. Further, registrations of new vehicles plunged by 76% y/y to 55,735 in April 2020, the lowest figure in 21 years.
Detailed data and analysis on COVID-19 and its economic impact can be found in CEIC COVID-19 Impact and Outbreak Monitor.