Brazil’s Car Sales Up 5.4% in May, But Down for the Year

Fiat Palio
Sales of autos in Brazil rose 5.4% in May when compared to  April, rebounding after a sharp decline the previous month, the national automakers' association Anfavea said on Thursday, June 4.

Sales increased 2.1% from May 2008, to 247.000 units, Anfavea said. Automobile output rose 6.7% month on month in May, but dropped 7.7% from a year earlier to 270,200 units. In the first five months of 2009, new car sales totaled 1.15 million, which is 0.1% less than the same period a year ago

Brazil is a major market for global automakers such as Italy's Fiat, Germany's Volkswagen AG, US-based General Motors Corp and Ford Motor Co.

Asian and French manufacturers are also increasingly relying on Brazil to offset slumping sales at home.

The national dealers' association, Fenabrave, said this week that new car, truck and bus sales in Brazil grew 5.4% in May from April.

Exports on the other hand continued to decline, in spite of a 15.3% increase in May over April. However compared to May 2008, exports plummeted 33.7%.

Fiat confirmed in May it was leading in sales with 60.620 units, which is equivalent to 25.5% of the market. One in four cars sold in Brazil were from Fiat with models Palio and Mille the most wanted. In pick ups Strada has a 57.5% share of the market.

The Italian company last month celebrated the manufacturing of its 10 millionth unit in Brazil.

Mercopress

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

Ads

You May Also Like

Brazil’s Isolated Amazon Indians Are a Link to the Past and a Life Lesson

What is it about the recent photographs of the “uncontacted” indigenous tribe of the ...

Nobel Prize Winner and Catholic Leaders in Brazil Condemn US Imperialism

The President of Venezuela, Hugo Chávez, was in the state of Paraná, in the ...

Brazil Takes to the Streets in Defense of Religious Freedom

Nearly a thousand people took part in the 7th Walk for Religious Freedom along ...

World Corruption Index Downgrades Brazil to 70th Place

Brazil came in 70th place in the latest Corruption Perceptions Index (CPI) released Monday, ...

Brazilian Hotels Spared Crisis and Cancellations

At least thus far, the Brazilian hotel sector as a whole has not been ...

By Contract Bolivia Can Only Raise Gas Prices Every 5 Years, Says Brazil’s Lula

Speaking to the Brazilian people on his weekly radio program, Breakfast with the President, ...

Brazil’s Lula Signs Public-Private Partnership Law

Brazil’s President Luiz Inácio Lula da Silva authorized the law creating Public-Private Partnerships (PPP’s). ...

Who Is Killing Brazil’s Leaders?

If you do like conspiracy theories and unsolved mysteries, then Brazil is the country ...

Brazil Lowers Interests to 19.50%. Right Drug, Wrong Dosage, Say Critics

“Evaluating that the monetary policy elimination at this time does not jeopardize the achievements ...

Brazil Outdoes Argentina in Soy and Cattle

The 70 million tons of the 2008/09 Argentine harvest would represent 2.9% of the ...