Improved income, increased job availability and the prospect of economic stability were the main factors behind the 14.8% increase in financed sales of new and used vehicles in August this year. 631,000 units were sold compared to 550,000 units of new and used vehicles sold through financing in the same month of 2023.
Research carried out by B3 (Bolsa do Brasil) showed that the increase in financed sales compared to July this year was 0.9%, when 626 thousand units were traded.
In the light vehicle segment, the increase was also 14.8% compared to August 2023, but there was a drop of 3.1% compared to July of this year. Financing for heavy vehicles grew by 14.1% compared to August of last year, indicating that logistics companies are renewing their fleets, especially since there was an increase of 3.2% compared to June of this year.
Motorcycle financing was 15.1% higher in August this year compared to the same month last year and 13.8% more than what was financed in July this year.
“We ended the month of August with the highest number of financed vehicles since August 2012, which reinforces the strong pace shown at the beginning of this second half of the year. The motorcycle segment continues to stand out, with a growth of 29% in the year to date compared to the same period of the previous year”, said Gustavo de Oliveira Ferro, Planning and Market Intelligence Manager at B3.
“However, it is worth highlighting the performance of cars and light commercial vehicles. This segment represents more than 70% of the total vehicles financed and had a growth of 21% on the same basis of comparison”, he added.
B3 operates the National Lien System (SNG), the largest private database in the country, which brings together the registry of financial restrictions on vehicles given as collateral in credit operations throughout the national territory.
