Vehicle financing drops 13.2% in October year-on-year

The financing of vehicles in october fell 13.2% compared to the same period in 2020, pointed out the survey by B3. This year, there were 480 thousand units, being 342 thousand used and 138 thousand new, while last year there were 544 thousand (380 used and 173 new).

If compared to September, the number of financed cars also dropped by 3.8%, from 499 thousand units, of which 350 thousand were already driven by someone and 149 thousand came straight from the factory.

The purchase on credit of light cars were down 18.3% year-on-year. Already the follow up of heavy vehicles grew 8.1%, with emphasis on vehicles new heavy, which increased by 20.4%, both between October 2020 and October 2021.

“The drop can be explained by the macroeconomic scenario, but also by the scarcity of components and raw materials, such as semiconductors, worldwide”, he comments Tatiana Masumoto, B3 planning superintendent.

In the year to October, sales of financed vehicles totaled 4.9 million units, between new and used, which represents a growth of 12.8%, or 559 thousand more units, compared to the previous year.

Since the region Southeast between January and October of this year it represented 45.1% of the financing. Right behind were the On the, North East e Midwest, with 21.3%, 16.8% and 10.4%, respectively.

In last place was the region North with 6.3%.

Among the financing modalities, the CDC (Direct Consumer Credit) was the most chosen option among Brazilians, with 86.2%, 12.5% ​​opting for the consortium, 0.2% for leasing (financial leasing), and 0.7% for other ways of payment.

the sale of motorcycles by financing in October it increased 8.5% compared to 2020, with 26.4% being used motorcycles and 3.2% new motorcycles.