UPDATE 1-Brazil car export surge helps boost April output

* Output jumps 14.2 pct from 2009, down 14.6 pct vs March

* Exports surge 56.6 pct on year, helping stoke output

* Fiat remains Brazil market leader in April
(Adds exports, breakdown of sales by automaker)

SAO PAULO, May 6 (BestGrowthStock) – Automobile output in Brazil
jumped in April from a year earlier as automakers ramped up
production to meet a surge in demand in export and domestic
markets, the national automakers’ association Anfavea said on
Thursday.

Output jumped 14.2 percent in April from a year earlier to
290,000 units, helped by plentiful credit for new vehicle
purchases in Brazil. Exports surged 56.6 percent year-on-year
to $917 million, underscoring a nascent rebound in the global
economy that has revived demand for cars.

Still, output in April tumbled 14.6 percent from March as
carmakers adjusted production after government tax breaks
expired in Brazil. Sales in April dropped 21.5 percent from
March, but were up 18.6 percent from a year earlier, Anfavea
said.

Brazil, Latin America’s largest economy, is a major market
for Italy’s Fiat SpA (FIA.MI: ), Germany’s Volkswagen AG
(VOWG.DE: ), and U.S.-based General Motors Co [GM.UL] and Ford
Motor Co (F.N: ).

Fiat remained the market leader in Brazil in April, selling
58,833 new cars and light trucks, down 20.1 percent from the
previous month, while VW sales also declined 20.1 percent
month-on-month to 55,678 units. GM’s sales dropped 28.4 percent
to 50,177 units, while Ford sold 27,417 units, 24.5 percent
lower than March.

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(Reporting by Rodolfo Barbosa; Writing by Elzio Barreto,
editing by Gerald McCormick, Dave Zimmerman)

UPDATE 1-Brazil car export surge helps boost April output