Brazil produced 254,500 cars, light commercial vehicles, trucks and buses in October, down 5.1% from September, according to automakers' association Anfavea.
Domestic sales fell 5.6% month on month to 265,500 vehicles, while exports dropped 26.9% to 29,100. Year on year, production rose 2.7% and sales increased 1.8%, but exports fell 28.3%.
Anfavea President Igor Calvet said Chinese vehicles had become Brazil's leading source of imports, with shipments twice the volume from Argentina. Even with a 35% import tariff, he said, Brazil remains one of the countries with the fewest restrictions on imported vehicles, preventing domestic manufacturers from fully benefiting from strong demand at home.
In the first ten months of the year, production rose 8% year on year to 2.42 million vehicles, and domestic sales grew 11.7% to 2.522 million. Exports fell 23.5% to 363,100.
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