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:

Ads

You May Also Like

Brazil Tells in Peru What It’s Doing to Reduce Amazon Deforestation

Brazil’s Minister of Environment, Marina Silva, who is participating in an ecological conference (called ...

WHO Uses Brazil Expertise to Fight Smoking Worldwide

Brazil will contribute its experience with tobacco control programs to the World Health Organization’s ...

Brazil Presents the UN Its Children Rights Homework

Brazil will report to the United Nations (UN) on the steps that have been ...

Dissecting Brazil’s Zero Hunger

In Brazil, a country of abundance, the existence of mass hunger is a fact ...

Brazilian E-Trade Generates US$ 1.9 Billion in First Half

Electronic trade or online commercial transactions generated a turnover of US$ 1.9 billion in ...

Ecuador’s Ousted Leader Starts Exile in Brazil

Ecuador’s ousted President, Lucio Gutiérrez, is already in Brazil where he arrived this afternoon ...

UN Troops in Haiti Get New Commander. A Brazilian Again.

The announcement of the name of the next general in charge of the United ...

Fed Up With Criticism Over the World Cup Brazil President Lashes Back

Dilma Rousseff, the president of Brazil, responded angrily at criticism voiced by former soccer ...

Bolivia and Corruption Crises Keep Market Going South in Brazil

Latin American shares traded in various directions on the day. Brazil tumbled for a ...

Brazil Gets Its Own BBC. Al Jazeera May Lend a Hand

Brazilian diversity on TV screens is one of the goals of TV Brasil, according ...