Sales of financed vehicles rose 6.8% in 2021, according to B3 data

vehicle sales funded in 2021 they rose 6.8% compared to 2020, B3 reported this Friday (14). In all, purchases of 5.9 million new or used units were financed, and the increase is equivalent to 375 thousand vehicles more than the previous year.

According to company data, heavy vehicles and motorcycles had the highest growth in the year, 18% and 17.6%, respectively. The light vehicle segment had a 4% increase in sales with financing.

Considering the total financed sales, used vehicles were the main target of transactions, corresponding to 70% of the total. Sales increased 10.7% compared to 2020. According to B3, light vehicles with longer use had the highest demand.

In the age ranges of used light vehicles, financed sales of those between 9 and 12 years old rose by 31.5%, and sales of those over 12 years old increased by 71.4%.

New vehicles, on the other hand, had a drop of 1.4% in sales on credit. Sales of light automobiles dropped 15% year-to-date.

Data for December 2021, also released this Friday, pointed to a 16.8% drop in financed vehicle sales, with light auto sales falling 22%.

The motorcycle segment increased by 8% in the last month of 2021, and the light vehicle segment, by 3%, compared to the same month of the previous year.

In all, 501,000 units were sold with financing, of which 343,000 were used vehicles, down 14.7% from December 2020, and 159,000 were new, down 20.9% over the same period.

Tatiana Masumoto Costa, planning superintendent at B3, says that the vehicle financing environment has improved in 2021, after a sharp drop in 2020 due to the pandemic.

“The impact on new vehicle sales throughout the year, mainly due to the global shortage of semiconductors, held back stronger growth in 2021,” he says.