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New car sales in Brazil drop over 26 percent
(MENAFN) The National Federation of Automotive Vehicle Distribution (Fenabrave) stated on Tuesday, January 6, new car sales in Brazil dropped 26.16 percent in 2020 compared to 2019, the worst yearly record since 2016, mainly because of the effect of the novel COVID-19 pandemic.
The traders association revealed that 2,058,315 new cars, light commercial vehicles, trucks and buses were sold in 2020, compared to 2,787,618 in 2019.
The viewpoint for 2021 is more positive, with a prediction of 16 percent expansion in new vehicle sales in Brazil, the main Latin American economy, stated Fenabrave President Alarico Assumpcao Junior in a video press meeting.
The traders association revealed that 2,058,315 new cars, light commercial vehicles, trucks and buses were sold in 2020, compared to 2,787,618 in 2019.
The viewpoint for 2021 is more positive, with a prediction of 16 percent expansion in new vehicle sales in Brazil, the main Latin American economy, stated Fenabrave President Alarico Assumpcao Junior in a video press meeting.
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