Brazil’s Car Sales Up 5.4% in May, But Down for the Year

    Fiat Palio

    Fiat Palio
    Sales of autos in Brazil rose 5.4% in May when compared to  April, rebounding after a sharp decline the previous month, the national automakers' association Anfavea said on Thursday, June 4.

    Sales increased 2.1% from May 2008, to 247.000 units, Anfavea said. Automobile output rose 6.7% month on month in May, but dropped 7.7% from a year earlier to 270,200 units. In the first five months of 2009, new car sales totaled 1.15 million, which is 0.1% less than the same period a year ago

    Brazil is a major market for global automakers such as Italy's Fiat, Germany's Volkswagen AG, US-based General Motors Corp and Ford Motor Co.

    Asian and French manufacturers are also increasingly relying on Brazil to offset slumping sales at home.

    The national dealers' association, Fenabrave, said this week that new car, truck and bus sales in Brazil grew 5.4% in May from April.

    Exports on the other hand continued to decline, in spite of a 15.3% increase in May over April. However compared to May 2008, exports plummeted 33.7%.

    Fiat confirmed in May it was leading in sales with 60.620 units, which is equivalent to 25.5% of the market. One in four cars sold in Brazil were from Fiat with models Palio and Mille the most wanted. In pick ups Strada has a 57.5% share of the market.

    The Italian company last month celebrated the manufacturing of its 10 millionth unit in Brazil.

    Mercopress

    Tags:

    • Show Comments (0)

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Nísio Gomes

    Brazil Detains 18 People Involved in Murder of Indian Leader

    The Brazilian police have arrested 18 people accused of killing  an indigenous leader last ...

    All-Time High for Brazil Stocks Amid Lower Inflation Hopes

    Latin American markets were mixed, with Brazilian stocks hitting another record high on upbeat ...

    Brazil Puts Two Belgiums of Forests Under Protection.

    Just one week after the excellent news about the Great Bear Rainforest comes another ...

    7.2 Million Tons of GM Soybean to Grow in Brazil

    Present estimates are that Brazil’s southernmost state, Rio Grande do Sul, will plant some ...

    Ironworks gets the lion share of foreign investment

    Foreigners Invest US$ 13 Bi in Brazil in 4 Months, a 26% Boost

    US$ 12.7 billion entered Brazil in the form of foreign direct investment (FDI) in ...

    Brazil’s Timber Blocked by Greenpeace in Portugal

    The cargo ship Skyman had nearly made its delivery of more than a quarter ...

    Brazil’s Vivo Picks Motorola

    The largest mobile telephone carrier in South America with more than 25 million subscribers ...

    Fight’s Up in Sí£o Paulo, Brazil. Let’s Count the Votes!

    President Lula is asking the Justice Minister to refine the charges against Marta Suplicy’s ...

    Brazilian state controlled company Furnas

    Brazil’s Politicians Share the Spoils

    Trying to explain Brazilian society to western Europeans and Americans can be frustrating. When ...