RIO DE JANEIRO, BRAZIL - In April, auto and light commercial vehicle registrations totaled only 51,362 units, a 77 percent drop in the annual comparison, according to the National Federation of Automotive Dealerships (FENABRAVE) on Monday, May 4th.
Dealership network performance was strongly impacted by the novel coronavirus pandemic.
In the four-month period, 583,905 light vehicles were registered in the country, a 27.13 percent decrease over the same period last year.
"Regrettably, we are back to sales levels at the start of the decade and, in the sector as a whole, to the 1992 figures″, says Alarico . . .