News 

The automotive industry is one of the most important industries of Brazil. However, owing to the stagnant domestic economy of Brazil, the production and sales of that country from Jan. through Apr. 2015 demonstrated a substantial decline. According to ANFAVEA (an automotive manufacturers association in Brazil), the total production of small-size vehicles (incl. sedans and lightweight commercial vehicles), buses, and trucks in Brazil from Jan. to Apr. this year declined 17.5% from 1.06876 million units of 2014 to 0.881774 million units (small/medium-size vehicles: 0.841850 million units, -14.6% over the same period of 2014/ trucks: 30.177 thousand units, -6.9% over the same period of 2014 / buses: 9,747 units, -26% over the same period of 2014). From Jan. to Apr. this year, the total sales of Brazilian made small-size vehicles, buses, and trucks and other vehicles imported into Brazil totaled 0.893630 million units, down 19.2% from the same period of 2014.