SAO PAULO, Brazil -- Brazil's auto industry sold 133,800 new vehicles in July, 2.4 percent more than in June and 17.7 percent more than a year earlier as the country's economic recovery gathered steam, producers said on Thursday.
The National Association of Vehicle Producers (Anfavea), which represents giants like Ford Motor Co and Volkswagen AG, also said the sector produced 188,600 cars, trucks, and buses in July, only 0.7 percent more than in June but almost 39 percent more than in July 2003.
Sales, measured by new registrations, and production of vehicles have picked up this year in Brazil thanks to tax breaks for the sector. Central bank interest rate cuts also have helped the economy recover from last year's contraction.
Fiat led domestic sales of cars and light commercial trucks in July. VW was second followed by General Motors and Ford.
GM was first in sales in the first half, followed by Fiat, VW, and Ford.
Revenue from exports totaled $706.7 million in July, up 2.2 percent from June and a whopping 57.6 percent from a year earlier, Anfavea said.