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:

You May Also Like

After 44 Back-to-back Days of Rain São Paulo Goes in State of Attention

São Paulo city, in the Brazilian Southeast, had today its 44th consecutive day of ...

Brazil Has Already Saved US$ 23 Billion this Year to Pay Debt Interest

The primary surplus – which represents money saved by the federal government to repay ...

Brazil’s Bellinati Plays a Jobim Few People Know

Possessing a quicksilver virtuosity, arranger, composer, scholar, and guitar virtuoso Paulo Bellinati, indisputably one ...

Lula Vows in Portugal to Stay Brazil’s Course

In a speech today at the opening of a seminar on new business opportunities ...

In World Cup of Spyware Brazil is Only a Runner Up

Angola and not Brazil has the most dangerous soccer team in the world, at ...

In its search for partners in the economic integration of the Western Hemisphere, Canada has ma

According to former Canadian Prime Minister Pierre Trudeau, being a neighbor of the United ...

Lula Is About to Fulfill His Wish of Getting His Good Friend Chavez in Mercosur

On July 4, 2006, representatives of Argentina, Brazil, Paraguay and Uruguay met in Caracas ...

Brazil to Unseat US as World’s Top Coffee Guzzler in 3 Years

The Brazilian Coffee Industry Association (ABIC) forecasts that Brazilian coffee consumption should rise from ...

Business Wants Brazil to Renege on Agreement to Pay Paraguay More for Energy

Business groups in Brazil are strongly lobbying members of the Brazilian Congress against a ...

Brazilian Firms to Stop Buying Goods Involving Slave Labor

Brazil’s Pact for the Eradication of Slave Labor, announced yesterday, has already gathered 60 ...