UPDATE 1-Brazil auto industry is optimistic for 2019, despite November slump

UPDATE 1-Brazil auto industry is optimistic for 2019, despite November slump

Chamber Articles Category: Industry News Post Date: 12/06/18 Source: Reuters By: Reuters
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SAO PAULO, Dec 6 (Reuters) - Brazil auto production and sales fell in November, but industry representatives said on Thursday they are optimistic that 2019 will be a year of growth, thanks to a new incentive plan and expectations about the incoming government.

Automobile production in Brazil fell by 6.9 percent in November from the previous month, while sales dropped by 9.3 percent. Automakers in Brazil produced around 245,100 new cars and trucks last month, while sales totaled about 230,900 vehicles. Read Full Article