Brazilian vehicle makers saw a year-on-year increase of 11.7 percent in August, with 294,400 units produced, said the National Association of Motor Vehicle Manufacturers (Anfavea) Thursday.

These figures represents the best August since 2014, and an 1.6 percent rise on numbers recorded in July of this year, added the association.

The increase was principally driven by the sale of 248,600 new vehicles in the internal market, a growth of 14.3 percent on July of this year and 14.8 percent on August of 2017.

The figures mark the best monthly sales since January 2015 and the largest monthly production volume since October 2014.

Anfavea President Antonio Megale welcomed the results, noting that August traditionally performs well, with sale numbers second only to December.

The financial crisis in Argentina, which is Brazil's principal export market, has forced Anfavea to reassess its sale forecasts for the rest of the year, added Megale.