Today: January 9, 2025
January 9, 2025
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Vehicle financing grows 20.4% in 2024

Vehicle financing has best result since December 2013

Last year, more than 7.2 million new and used vehicles were sold financed, B3, the São Paulo stock exchange, reported this Wednesday (8). According to B3, this represented an increase of 20.4% compared to 2023, with an increase of 1.22 million units, which includes light and heavy vehicles and motorcycles.Vehicle financing grows 20.4% in 2024

Considering only the month of December, 614 thousand vehicles were financed, an increase of 7.3% compared to December 2023. This was the best result for the month since 2014, when 625 thousand units were financed.

In the car and light commercial segment, the increase was 19% last year. Among heavy vehicles, growth in this period was 13.8%, while motorcycles increased by 25%.

In the monthly relation, financing for cars and light commercial vehicles increased by 5.5% in December last year compared to December 2023. In this same comparison, the heavy vehicle segment increased by 12.2% and, the motorcycles, 12.4%.

“The 2024 results confirm a very positive year, with an increase of 1.2 million vehicles financed in relation to 2023. This is the best mark since 2011, when we reached 7.7 million units”, said the Planning and Market Intelligence at B3, Gustavo de Oliveira Ferro, via note.

According to him, this performance can be explained by the increase in retail vehicle sales, the good performance of the job market, the increase in credit granting and default indicators, which are stable.

This morning, the National Federation of Motor Vehicle Distribution (Fenabrave) announced that the sale of new vehicles – including cars and light commercial vehicles, buses and trucks – had a positive performance last year, with the registration of 2,634,514 units, an increase of 14.15% compared to 2023. For the president of the entity, Arcelio Alves dos Santos Júnior, the result is mainly due to the supply of credit.

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