RIO DE JANEIRO, BRAZIL - New vehicle sales in Brazil fell 26.16 percent in 2020 compared to 2019, the worst annual record since 2016, largely due to the impact of the novel coronavirus pandemic, the National Federation of Automotive Vehicle Distribution (Fenabrave) said on Tuesday, January 5th.
The dealers association reported that 2,058,315 new cars, light commercial vehicles, trucks and buses were sold in 2020, compared to 2,787,618 in 2019.
The outlook for 2021 is more positive, with a forecast of 16 percent growth in new vehicle sales in Brazil, the largest Latin American economy, said . . .