Thursday, October 03, 2013

Vehicle dealers maintain growth forecast of 1.5% in 2013

The Fenabrave (Association of car dealerships) maintained its forecast of growth of 1.5% in 2013 sales despite the shrinkage until September.
Year to date until last month, the market registered a fall of 1%, when considered only cars and light commercial in 2.638 million units.
The segment of buses and trucks live different scenario. Influenced by negative interest rates for financing from BNDES, the Group grows 16.1%, with 141.9 thousand units. Whereas light vehicles (cars) and heavy (trucks), the fall is 0.31%.
This is the second month followed by negative result in cumulative number 2013 which reinforces the threat that the sector may have the first year of decline since 2003.
Fenabrave's President, Francis Marion, believes that the last two months of the year will be strong enough to reverse the current situation. The sector counts with a possible additional sales in the period pulled by anticipation of purchases in the Groove at the end of the reduction in the IPI (tax on industrialized products), which expires at the end of the year.
' Looking at the year as a whole, we can't complain. It is obvious that we are not at the same pace of previous months ', says Marion.
InfoMet - 03/10/2013
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