New vehicle sales up 3.54 pct in Brazil in October


SAO PAULO, Nov. 4 (Xinhua) — New vehicle sales in Brazil in October rose 3.54 percent compared to September, registering the highest volume of the year, the National Federation of Motor Vehicle Dealers (Fenabrave) said on Wednesday.

“The month of October is so far the one that registers the record of the year, a year with the impact of the pandemic. Customers are more confident and making purchase decisions due to more credit offers,” the president of Fenabrave, Alarico Assumpcao Junior, said.

JustForex

In October, 215,053 units were sold compared to 207,710 in September, for a total of 1,589,339 units this year, a decrease of 30.38 percent compared to the January-October 2019 period, when 2,282,804 units were sold.

According to the Fenabrave, a year-on-year comparison shows a 15.11 percent drop in sales, since 253,340 units were sold in October 2019, including cars, light commercial vehicles, trucks and buses.

The brands that dominated the market in October were Fiat, with 18.67 percent of total sales, Volkswagen (16.71 percent), General Motors (16.60 percent) and Hyundai (8.31 percent).

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