• Categories
  • Archives

Car Sales Grow 60% in Brazil to Reach Record 353.700 Units

Cars made in Brazil Car output in Brazil soared in March as manufacturers ramped up production to keep up with record sales fueled by a strong economic rebound, the national automakers’ association Anfavea said on Wednesday.

Automakers churned out 331,000 new cars and trucks in March, a 32.5% increase over February and up 20.3% from March 2009.

Sales grew at an even faster pace in March as consumers rushed to take advantage of an expiring tax break that has allowed dealers to lower showroom prices.

New car and truck sales surged 60.1% from February and 30.3% from a year earlier, reaching an all-time monthly high of 353,700 units, Anfavea said.

Last week, the national association of automobile dealers Fenabrave had reported sales figures for March.

In the first quarter of 2010, sales jumped 17.9% to 788,000 units, also a record, Anfavea said.

Brazil, Latin America’s largest economy, is a major market for Italy’s Fiat, Germany’s Volkswagen AG and US based General Motors and Ford Motor Co.

The government of President Lula da Silva slashed industrial taxes for the auto industry last year in a bid to keep sales alive during an economic downturn.

With the economy growing again at a robust pace, the government decided not to renew the tax breaks, which expired at the end of March.

Fiat remained the market leader in March, selling a whopping 73,545 vehicles, up 51% over February. GM came in second with sales of 70,037 units, up 65.5% over February.
Volkswagen sales surged 63.1% to 69,711 units, while Ford sold 36,303 cars and trucks last month, a 55.1% increase over February.

Mercopress

Tags:

  • Show Comments (1)

  • Nina

    Very interesting. Nice Pictures. I enjoyed reading it .

Your email address will not be published.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

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Sea for the Well-off

Mardoqueu is made out of fine French bread dough. White and lean like a ...

Some Brazilian products sold in the US

A Stroll Down Brazil’s Memory Lane in Miami Beach

If you live or are visiting South Florida, think of Via Brasil, in Miami ...

Brazil: Past Haunts Lula’s Government

John Fitzpatrickby: AB  At this time last year, when it was becoming apparent that ...

Left Creates New Party in Brazil

A manifesto signed by various leftist intellectuals marked the official inauguration of a new ...

Gay Brazil

Bars, movie theaters, hotels and other commerce catering exclusively to gays are doing brisk ...

Brazilian Flower Exports Jump 10%. Holland and US Are Main Destination

In the first four months this year, Brazil exported US$ 10.15 million in flowers ...

Iran President Cancels Trip to Brazil and the US Sighs in Relief

Mahmoud Ahmadinejad, the president of Iran, canceled a trip to Brazil this week without ...

Brazil's Foreign Minister, Celso Amorim

Brazil, US and Co. Don’t Budge and There’s No Deal in New Delhi

Ministers from six key world economies, including Brazil and the United States, failed to ...

Brazilian Inflation Rises 3.59% This Year. Food Prices Down.

Brazil’s rate of inflation in August, as measured by the Broad Consumer Price Index ...