New car sales in Brazil fall 15% in the 1st half of the year -Fenabrave

RIO DE JANEIRO, BRAZIL – The passenger car and light commercial vehicle sector recorded a 15.41% decline in the first half of 2022 compared to the same period in 2021, according to data from a Fenabrave (National Federation of Vehicle Distribution) survey released Tuesday (5).

The decrease in June compared to May was 5.42%. Compared to June 2021, there was a 2.41% decline.

In the first half of this year, slightly more than 851 thousand passenger cars and light commercial vehicles were sold – about 150 thousand less than in the same period of 2021

According to Fenabrave, the industry has gradually improved but still suffers from problems with the supply of components and the deterioration of economic indicators – “such as high-interest rates, increased borrowing costs and constant adjustments in fuel prices,” the association said.

“When production starts up again and companies’ fleets may be reassembled through direct sales, we could reach the result forecast by Fenabrave earlier this year, which indicated an increase of more than 4% for this segment,” said the association’s president, Andreta Jr.

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