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Brazilian car industry dropped 10% in April, the third negative performance in a row. The year to date April volume was 1.017.000, down 3.1 below last year. Now the entire 2012 is projected to not increase for the first time after a row of eight consecutives increasing years.
March registrations at 283.786 (passenger cars and LCVs) down 1,7% vs. past year is the 5th negative months in the last six and are confirming Brazilian low consumer demand for cars in market that remains one of the most relevant globally.
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In the 1993 the 1 million levels was achieved for the first time. But that level represented just the base for immediate growth and the market went up to 1.8 million in only 4 years (1997). The too fast growth resulted in a decline in the range of 1.3-1.5 million where the market remained for all the entire period between 1998 and 2005.