The month of July saw growth in financed vehicle sales. In total, 626,000 units, including used and brand-new vehicles, were acquired through financing. The growth was 27.2% compared to July 2023 and 7.2% compared to June this year. This performance was the best since December 2013, according to the survey carried out by B3 (Stock Exchange).
The survey showed that, in the light vehicle segment, the increase in financing was 26% compared to July last year and 11.3% compared to June this year.
In the case of heavy vehicles, used in the country’s logistics segment, financing grew 28.1% in July this year compared to the same period in 2023. Compared to the month of June, the increase was 10.8%.
Motorcycle financing grew by 32% in July, compared to the same month last year. However, there was a 5% drop in financing compared to June.
Financed vehicle sales for the year totaled 4 million units, 24.3% higher than the same period last year, equivalent to 793 thousand more units. This figure had not been equaled since 2011.
“July’s results were strong. We closed the month with the highest number of vehicles financed since December 2013. The vehicle financing market continues to be buoyant, and the highlight is the new automobile and light commercial vehicle segment, which registered growth of almost 20%, with more than 100,000 vehicles financed,” said Gustavo de Oliveira Ferro, Manager of Planning and Market Intelligence at B3.
B3 operates the National Lien System (SNG), the largest private database in the country that gathers the registry of financial restrictions on vehicles given as collateral in credit operations throughout the national territory.
