Auto market grows 26.8% in October

Near the end of the year, the Brazilian automobile market consolidates recovery. The sale of light vehicles grew 26 percent in October compared with the same month of 2016. In October were got their plates 196,300 units against 154,800 vehicles sold the same month last year. The preliminary data were released on Wednesday, first, by JAC Motors.
Sales in October also surpassed the number of plates issued made in September, when 193,500 vehicles were marketed.
In 2017, cumulative sales total of 1,768,000 units, up 9.6% compared with the volume registered from January to October 2016 (1,613,000 units).
Sales per working day were of 9352 units in October against the same month 7750 last year, which points to 20.7% growth.
"As we had predicted months ago, we live in the show room of the resumption of the Brazilian's confidence in the future and also the successive falls in interest rate, explaining the market rally this year. We are moving to a two-digit growth, "analyzes Sergio Habib, Chairman of JAC Motors of Brazil.
Sales. Last month, the JAC Motors was discharged of 234.8% when considered October 2016 sales, 298 units against 89 units, respectively. The automaker designs a last quarter with an average of 700 units sold per month.
"We will further improve in the last quarter of the year, because we hadn't been able to balance so far landings of T40 with demand from shops. I estimate that we have two great months to close 2017, "explains Sergio Habib, Chairman of JAC Motors Brazil.
Year to date, the mark surged to 36.8% compared to 9.6 percent of the market. With this percentage, the JAC Motors holds the third place among the growth percentage of brands in the country.