New vehicle sales in Brazil drop 17% in October year-on-year – Fenabrave

RIO DE JANEIRO, BRAZIL – Last month, 276,033 new vehicles were licensed, compared to 332,852 sold in October 2020. The result, released today (4) by the National Federation of Automotive Vehicles Distribution (Fenabrave), considers all automotive segments, except tractors and agricultural machinery.

In the year-to-date, from January to October 2021, sales increased 16.15% over the same period last year. There were 2,863,349 licensed vehicles, against 2,465,260 sold in the same period of 2020.

In the month-to-month comparison, sales in October 2021 had a slight drop, of 1.78%, compared to September.

“Demand remains high from the consumer, but there are segments in which they wait for a vehicle can take months, due to the low stocks at dealerships, which are not being able to have all orders fulfilled by the factories, due to the lack of inputs and components. We hope to normalize production, but we believe this will only happen in mid-2022,” said the president of Fenabrave, Alarico Assumpção Júnior.

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