VWCO reported exports of 2527 trucks and buses from January to April 2021, versus 1084 units in the same period of 2020. Most of the growth came during April; the month was very negatively affected by the pandemic in 2020.
Source: Automotive Business Read The Article
PSR Analysis: As with other OEMs, the export volumes of VWCO have been better than expected considering only Q1 2021 vs. Q1 2020, period without pandemic effect in 2020. During our forecast planning in Q4 2020, we expected a lower recovery of exports because of a slower recovery from the pandemic effects in 2021. However, the currency depreciation in Brazil, and special variables in each market caused the positive effect. PSR
Fabio Ferraresi is Director, Business Development-South America, for Power Systems Research
