Brazil car sales up 16.8% in May
According to Brazil’s National Federation of Automotive Vehicle Distribution (Fenabrave) on June 1, new vehicle sales in May increased 16.8%, compared to the same month in 2016.
The 195,562 passenger cars, light commercial vehicles, trucks and buses, sold in May represented an increase of 24.6% compared to April.
With 191,131 units sold, the car and light commercial segments showed growth of 17.3% in May, compared to the same month last year.
Among cars and light commercial vehicles, General Motors continued to lead sales with a 17.7% share, followed by Fiat with 13.6%, Volkswagen with 12.8%, and Ford and Hyundai at 4th and 5th place, respectively.
The five leading sellers in May were the Chevrolet Onix, Ford Ka, Hyundai HB20, Renault Sandero, and Volkswagen Gol.
Fenabrave projects that passenger car and light commercial vehicles sales in 2017 will increase by 2.0%.
The Gross Domestic Product (GDP) increased 1.0% in the first quarter compared to the fourth quarter of 2016 and consumer confidence is increasing.