In Brazil, Industrial Output, Car Sales and Installment Payment on Time Are All Down

    Brazil appliances

    Brazil appliances In São Paulo, Brazil, the number of people who have fallen behind in making installment payments rose to 21.8% in April, up from 18.5% in March. The São Paulo Commercial Federation (Fecomercio-SP) has released monthly reports on payment defaults since February 2004, and Della Rosa, an economist at Fecomercio-SP, says that although the April numbers are high, they are not necessarily a reason for concern.

    She says more data is needed to constitute a clear tendency.

    As for the April numbers, Rosa says several factors contributed to that.  Higher unemployment was one of the reasons. The government statistical bureau (IBGE) found that the jobless rate rose from 5.7% in February to 6.2% in March.

    She also mentioned holiday season spending, that is, overspending, as another probable reason for payment defaults.

    Fecomercio-SP data shows that over 76% of São Paulo consumers use credit cards for purchases, around 20% use loans (personal credit) and 15% use payment coupon books.

    Fecomercio points out that one of the areas where payment delinquency has risen is in automobiles where the payment default rate is running at around 5.5%, the highest since the Central Bank began tracking in 2000.

    Della Rosa says that the percentage of Paulistanos (São Paulo city residents) with debts was just over 50%, which is not too high.

    “If the number of people with debts was much higher that would be cause for concern. As it is, there is still room for more consumption. So much so, that expectations for Mother’s Day sales this year remain very strong.”

    As for industrial production it fell once again in March by 0.5% compared to February. This was the seventh consecutive monthly decrease in the industrial sector. There is now a cumulative drop of 3% in industrial production for the year.

    Compared to March 2011, output in March 2012 was down 2.1%.

    According to the IBGE, industrial sector output in March was down in 18 out of the 27 segments it surveyed.

    One of the nine segments where there was growth was automobiles, which is heavily weighted in the survey. It was up 11.5% in March, and cumulatively up 26.2% in February and March, but had fallen 31.2% in January.

    Automobile segment production in March 2012, when compared with March 2011, was down 7.5%.

    Sales of vehicles in April were down 9.5%, compared to the same period last year. According to the Auto Dealers Association (Fenabrave), a total of 406,496 vehicles were licensed in April. That was down 15.96%, compared to March 2011.

    Fenabrave says it has now revised its forecast of the vehicle sale increase for this year to 3.4%, down from 5.76% at the beginning of the year.

    Automobile sales in April 2012 had their worst performance since April 2009, with a drop of 10.84% in sales, compared to April 2011.

    The only vehicle segment were there was an increase in sales was in farm machinery, up 4.84% (April 2012 to April 2011 comparison).

    The biggest drop was in sales of buses, down 21.47%.

    The Brazilian automobile and light-duty truck segment is dominated by Fiat, with 21.8% of the market, and Volkswagen, with 20.8%.

    ABr

    Tags:

    • Show Comments (2)

    • Jack80

      First of all congratulation china for become the biggest global sales market. Such type of global market enhances the sales promotion. It make easy to get feedback, new ideas, forecasting etc. I think India also took part in such type of progressive projects. These are the steps to make financial strength of one country.
      Jaguar Repair University Park

    • kimberlyjoseph

      i must say
      I must say a very well compiled post on the important legal, financial and operational preparations that a car wash startup needs to take before it launches. Once start-ups do get finished with all these activities, there is another big challenge waiting for them and that is to get noticed, get the word out to gain visibility, and win clients and retain them.

      Ask any successful business startup and they will tell you, the first stride towards success starts with creating a corporate identity – knowing your target audience very well and then composing a message that speaks uniquely to them. And the first creation of that attempt is almost always a professional logo.
      Displaying your logo, company name, message (tagline) and contact information near a busy road, lawn signs, on your car window decals or door, business card and flyers will quickly introduce your business to targeted customers for a very small investment. Exhibiting the logo on all forms of signage will facilitate the community to remember the service you provide.

      Having a good logo is essential, especially when using it on signs. Speaking of good logos, click below link to view few eye catching Car sales logo design ideas I found during the research for writing a blog post for a client.

      http://www.logodesignconsultant.com/logo_design_gallery/Car-logo.html

      I am in no way endorsing or promoting the website but it is quite attractive because of the colors it has used in car business logos. Also, the company has categorized the car wash logos according to the genres of the business.

    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

    Brazil's Fiat

    Industrial Output Jumps 6% in Brazil. Only 2004 Was Better

    Brazil's industrial output grew last year at its fastest pace since 2004, jumping 6% ...

    Housing in Alagoas

    Brazil’s Housing Plans for the Poor Look Good Only on Paper

    The two most recent floods that have hit Brazil have served to underline the ...

    Mother, son and Bolsa Família card in Brazil

    After End of Check Tax Brazil Looks for Ways to Fund Anti-Poverty Programs

    The administration of Brazil's President Luiz Inácio Lula da Silva has suffered a major ...

    Assembly line at Brazilian Embraer

    Arabs Show Interest in Leaning Brazil’s Airplane-Making Know-How

    After a visit to Brazilian aircraft maker Embraer, the Arab ambassadors to Brazil seemed ...

    Brazil’s Credit Rating Upgrade Felt More Like a Downgrade

    Brazil government debt prices eased slightly after a rating agency upgraded Brazil’s credit but ...

    The Grass is Greener on Brazil’s Side

    Tumucumaque Park is 568,000 acres larger than Slonga National Park in the Democratic Republic ...

    Brazil Gets US$ 3 Million from UN to Fight Corruption

    A series of measures to combat corruption has been announced by the head of ...

    Volkswagen Truck and Bus

    MAN AG Buys Brazilian Volkswagen Truck and Bus for US$ 1.6 Billion

    MAN AG, a German-based company, announced this Monday, December 15, the purchase of Volkswagen ...

    Brazilian Faucet Maker Wants to Expand Its Overseas Reach

    Company Docol, from the southern Brazilian state of Santa Catarina, one of the main ...

    Lula Calls Himself ‘Most Optimistic of Brazilians’

    In his final “Breakfast with the President” radio appearance this year, Brazilian President Luiz ...