Brazil’s new vehicle sales up in May; stocks still low – FENABRAVE

RIO DE JANEIRO, BRAZIL – Vehicle registrations in Brazil increased in May in the monthly comparison, surging in relation to last year, when the sector was paralyzed by social isolation measures adopted after the pandemic reached the country.

Sales of new cars, light commercials, trucks, and buses in Brazil rose to 188,660 units in May, 7.7% above the volume registered in April. Year-on-year, the increase reached 203%. In the year to date, registrations total 891,600 vehicles, almost 32% more than last year.

According to data released on Wednesday, June 2, by the vehicle distributors association, FENABRAVE, the country’s dealerships remain with low stocks, equivalent to 12 days of sales in May, due to automakers’ reduced offer.

Since the end of last year, plants have faced restrictions in the supply of electronic components that equip their vehicles due to a global crisis exacerbated by social isolation measures that encouraged remote work and study.

The entity maintained the expectation of a sales increase, including motorcycles, of around 16% in 2021, disclosed earlier this year. A revision should occur in July.

“There is high demand and credit in the automotive market and with the progress of vaccination and immunization of the population, we may be facing a more favorable scenario than estimated when the second wave of the pandemic started this year,” said Assumpção Júnior.

Individually, truck sales in May rose 15.7% compared to April and 140.4% compared to May last year, to 11,358 units. Bus sales, a sector that was severely affected by social distancing at the start of the pandemic, shot up 35.5% in the monthly comparison and 130.8% year-on-year, to 1,897 units.

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