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Transportation Apps Boost Vehicle Financing in Brazil

RIO DE JANEIRO, BRAZIL - Transportation Apps are impacting the vehicle loan market. Car, motorcycle and truck financing grew 9.1 percent in the first half of the year, compared to the same period in 2018.

According to a survey by Stock Exchange B3, operating the National Secured Transactions System (SNG), financing enabled the purchase of 2.87 million vehicles, of which 1.06 million are new -- an increase of 9.7 percent. Used cars totaled 1.81 . . .

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