Brazil deliveries hit by Q1 decline but exports are a silver lining

VW_Brazil

Domestic Brazilian vehicle sales stood at 527,900 for the first quarter of this year, a decline of 5.4% on the same period in 2020 but down 23% on the previous quarter (Q4 2020), according to the National Association of Motor Vehicle Manufacturers (ANFAVEA).

The difference between the last two quarters is bigger than usual and comes after the recovery in sales that happened in the middle 2020. Figures for Q4 reached more than 684,000.

There is also a misleadingly positive 15.7% increase in deliveries when comparing March this year (189,400) with the same month in 2020 (163,500). The increase this year is down to the fact that the coronavirus stopped deliveries in the middle of March last year almost completely.

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