Hit with the Coronavirus pandemic just like the rest of the world, automobile sales in the 27-state nation were certainly down in 2020. A total of 1.62 million passenger cars were sold and 335,269 light commercial vehicles (LCVs) between January and December, representing year-over-year decreases of 28.6% and 15.4% respectively.
Brazilian manufacturer Fábrica Nacional de Motores (FNM) will produce 1,000 electric trucks for beverage maker Ambev in South America.
Ford Brazil announced it will cease production operations in 2021, but will continue to serve customers in the South America region with a portfolio of new SUVs, pickups and commercial vehicles sourced from Argentina, Uruguay, and other markets.
Sales for commercial fleet vehicles in Argentina increased by 20.2% to 10,284 units in October 2020, though the overall market is still down 19.9%, year-to-date.
Brazilian manufacturer Fábrica Nacional de Motores (FNM) is returning to the market to produce battery-electric trucks for the Brazil market, after shutting operations in 1988, following a new partnership with a U.S.-based battery Tier 1 supplier.