Vehicle sales increase in March after months of declines


Vehicle sales hit 5.5% to 189,100 units during March compared to last year, after nearly two years of declines according to National Association of Vehicle Distributors (Fenabrave). 

Year-to-date, however, there was a fall of 1.94% over the first quarter of 2016. From January to March, 472,004 vehicles were sold. Cars and light utility vehicles bolstered March’s sales, which rose 6.1% from the same month of 2016. Trucks and buses, though, continued to show depressed demand with sales down 12.1% from the same period last year.

“Despite political and economic uncertainties, falling demand is starting to cool, and we forecast moderate growth until the end of this year,” said Alarico Assumpção Júnior, president of Fenabrave.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s