The positive result of 2024, with growth of 14.15% in the sale of new vehicles [e que inclui automóveis, comerciais leves, ônibus e caminhões]can be explained mainly by the credit supply, which expanded with the approval of the Legal Framework for Guarantees. The statement was made this Wednesday (08) by the new president of the National Federation of Motor Vehicle Distribution (Fenabrave), Arcelio Alves dos Santos Júnior.
“Certainly, the approval of the Legal Framework for Guarantees was a super important factor because it returns to the issue of credit, which is fundamental for our sector”, he said, after a press conference held at Fenabrave headquarters to present the sector’s balance sheet. Furthermore, he highlighted, the sector’s results were also influenced by the growth of Gross Domestic Product (GDP) and agribusiness.
Last year, more than 2.6 million units of new vehicles were sold, according to the sector report. Considering only cars and light commercial vehicles (such as pickup trucks and vans) the growth was 14.02% compared to 2023, with the registration of 2,484,740 units.
For 2025, Fenabrave projects a slowdown driven by a rise in interest rates, with growth of around 5% in sales of cars, light commercial vehicles, buses and trucks. Furthermore, the sector expects growth of 7% in total vehicle sales, which would also include motorcycles and road equipment. The entity reinforced, however, that this is a “conservative” projection.
“We hope that, despite our conservatism, we can review the numbers”, said the president of the entity. “We believe that, if economic conditions improve, especially linked to interest and exchange rates, we can revise the number upwards”, he said.
