Car sales 7.43% lower in August

Auto sales in Brazil were down 7.43% in August from July, according to a survey put out today (Aug 2) by the National Federation for the Distribution of Automotive Vehicles (“Fenabrave”).

Compared to August last year, a decline was observed—16.05%. A reduction can also be seen when the accumulated rates (covering the year’s eight first months) for 2014 and 2013 are taken into account—-8.62%.

Altogether, 404,217 vehicles were sold in August, and 3,333 million in 2014. In the same period last year, figures reached 481,524 and 3,647 million respectively. In July this year, sales stood at 436,674 vehicles.

Auto sales have a significant share of the vehicle market—48% of sales from January to August. Next come motorcycles, with 28.88% and light commercial vehicles (vans, for instance), with 16.22%.

In August, 193,146 cars were traded, 7.12 lower than July (207,963). Compared to August last year, when 241,681 cars were sold, the plunge reaches 20.08%.

Considering sales of cars and light commercial vehicles, this August is the worst in the last four years.

Translated by Fabrício Ferreira