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.