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Auto Sales in Brazil Show Slight Recovery in August

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Automobile sales in Brazil increased by 1.4 percent in August compared to the previous month and the slow improvement has executives from vehicle associations forecasting a more positive scenario for next year. However the forecast for 2016 remains at nearly twenty percent decline.

"August was the best month of the year for new vehicle licensing. Although still at a low level, it is important to note that we have once again registered stability in the average daily sales,” said ANFAVEA (National Automaker Manufacturers Association) president Antonio Megale during the . . .

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