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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – New automobile sales in Brazil rose by 23.14 percent in January 2018, in comparison to the same period last year, according to the latest data by FENABRAVE (National Federation of Automotive Distributors).

For the entity, the sector in 2018 is expected to resume the growth rhythm of the previous period before the economic crisis.

“The renewed expectations due to the improvement of the economic indexes reflect directly on consumer confidence and favor the vehicle market," Fenabrave’s president, Alarico Assumpção told government news agency, Agencia Brasil.

Data also . . .

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