Vehicle Sales in Brazil Rise Twelve Percent in First Half of 2019

RIO DE JANEIRO, BRAZIL – Sales of cars, light commercial vehicles (pickups and vans), trucks and buses rose 12 percent in the first half of this year, against the same period in 2018, reported the Brazilian federation of dealers (Fenabrave) on Tuesday, July 2nd.

There were 1.3 million new license plates registered between January and June, against 1.16 million a year ago.

The organization revised the sales projection for the year. Now, it expects a lower rate than it estimated at the beginning of the year. For Fenabrave, the number of new plate registrations will be 8.37 percent higher than in 2018, when 2.56 million vehicles were sold. It is expected that 2019 will close with 2.78 million registered plates.

In January, the forecast was for an increase as high as 11.15 percent (2.85 million sales).

In the monthly report, sales were 10.5 percent higher in June than over the same period last year, while there was a nine percent drop in May.

The sale of cars and light commercial vehicles grew 10.8 percent in the first half of the year compared to the same period in 2018, where a total of 1.24 million units were registered.

In June, the hike was 9.4 percent, with 234,000 cars sold.

Truck and bus sales were the positive points in the half-year balance with an increase of 45 percent and 71 percent, respectively, also in comparison with the same period in the previous year.

A total of 46,800 trucks were sold between January and June, while bus registrations totaled 12,400.

In June, truck sales rose 36.2 percent, with 7,800 units, and bus sales, 63.5 percent, totaling 1,97 thousand.

Motorcycle sales continue strong.

On the other hand, the motorcycle sector saw a 16 percent increase in plate registrations in the first half of the year, as compared to a year earlier. A total of 530,000 units were sold.

In June, there was an eight percent increase, with 80,000 motorcycles sold.

Unlike other sectors, Fenabrave’s forecast for motorcycles in 2019 was revised upwards. Currently, the expectation is that it will be 10.6 percent higher than last year, totaling 1.04 million units. In January, a growth of 7.3 percent was expected for the year (1 million motorcycles sold).

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error