Vehicle Sales in Brazil Grow 32% and Break Record

Citroen dealer in Brazil Sales of new vehicles in the Brazilian domestic market achieved in June the best performance in the entire history of the sector for the month. Sales totaled 329,175 units last month, a 32.33% increase over the same period last year, according to a bulletin published Tuesday, July 3, by the Fenabrave (Brazilian National Federation of Motor Vehicle Distributors).

The sales volume includes trucks, buses, light commercial vehicles, and passenger cars.

With regard to automobiles, the sixth month this year was also record-breaking, compared with previous years: 188,631 units were sold, 33.94% more than in June 2006. Compared with May 2007, though, there was a 5.75% decrease. In the first half this year, vehicles sales saw a 19.03% increase over the same period last year.

Upon disclosing the bulletin, the president at Fenabrave, Sérgio Rezi, was optimistic regarding future businesses, and informed that the organization has reset its sales growth projection for this year, from 12% to 17%.

According to Rezi, ease of purchase, an extended period for repayment, and low interest rates were the reasons for the heating of the market. Nevertheless, he highlighted, that is not all. "The economy has been stable, and four years ago, president Lula decided not to introduce any novelties in the economic field."

In the opinion of the president at Fenabrave, the country's economic behavior leads consumers to assume the commitment of purchasing a vehicle, even if they have to pay instalments that may last up to 72 months.

ABr

Tags:

  • Show Comments (1)

  • Ric

    Lots of new cars, but
    Too few are being scrapped, with the result that many Brazilian citys are approaching traffic gridlock.

Your email address will not be published.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

Brazil’s Family Grant Reaches 11.1 Million. It Might Mean US$ 7 a Month.

Brazil’s Minister of Social Development, Patrus Ananias, informed in a press conference Thursday, June ...

In Intimidation War Against Press Brazilian Church Loses 58 Court Cases

Every lawsuit that has been brought by members of the Universal Church (Igreja Universal ...

Brazil's CVRD

Brazilian Multinationals Want a Bigger Share of the World Market

The Brazilian companies are taking up better and better positions in the list of ...

Brazil and G4 Accused at UN of Selfishness Disguised as Altruism

The United Nations General Assembly today debated a set of competing proposals for reforming ...

Brazil’s Fair Trade Coffee Sold at Sam’s Club Across US

A new Fair Trade Certified coffee from Brazil will be sold to Sam's Club ...

Political Polarization Has Done Brazil a Lot of Good

The test of a democracy’s health is what happens at levels beneath that of ...

Brazil Market Sputters Ahead

Brazilian and Latin American markets were in the black, but pulled back from earlier ...

Five States and Federal District in Brazil Get Dengue Epidemic

Brazil’s Ministry of Health confirmed Thursday, February 18, that at least five states – ...

Half Century in the Tube

Brazilian TV will be celebrating its 50th birthday on September 18, 2000. Despite of ...

Brazilians Go on Shopping Spree Overseas Spending US$ 2 Billion in 2 Months

While traveling around the world in January and February  Brazilian tourists spent close to ...