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UPDATE 1-Brazil auto sales to beat 2017 forecast, pick up in 2018 -industry

UPDATE 1-Brazil auto sales to beat 2017 forecast, pick up in 2018 -industry
From Reuters - December 6, 2017

(Recasts with latest forecasts)

By Alberto Alerigi

SAO PAULO, Dec 6 (Reuters) - Auto sales in Brazil are likely to beat prior forecasts and accelerate next year, national automakers association Anfavea said on Wednesday, underscoring the gathering strength of a recovery in Latin Americas largest economy.

Anfavea President Antonio Megale said new car and truck sales are likely to grow 9 percent this year, above the groups prior forecast for 7.3 percent expansion. If sales finish the year as strong as he expects, Megale said the market should grow by double digits in 2018.

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