The vehicle market resumed recovery in July, with sales of 182,000 units, 2.2% more than in June and 3.7% above the result of the same month last year, according to data from the National Association of Vehicle Manufacturers. Automotive Vehicles (Anfavea) released this Tuesday (2).
For the year, 1.1 million cars, light commercial vehicles, trucks and buses have been licensed so far, down 11.8% compared to the same period last year.
The improvement in the market, despite the high interest rates and the shortage of semiconductors, occurs in parallel with the announcement, last Friday (29) of a new reduction in the Tax on Industrialized Products (IPI) for automobiles, a measure that should generate a reduction in prices.
In this third stage of IPI cuts for various sectors, the reduction for cars and sport utility vehicles (SUVs) rose from 18.5% to 24.75% over the rates applied before the first reduction, on March 1st.
This segment had been left out of the second cut applied on April 29 for several other industrial sectors.
For the year, Fiat remains the absolute market leader, with a 21.7% share of total car and light commercial vehicle sales.
Following are General Motors (14%), Volkswagen (12.2%), Toyota (10.5%) and Hyundai (10.2%). The Fiat Strada pickup is ahead in the list of best-selling models of the year, with 61,900 units sold.
The information is from the newspaper. The State of São Paulo.
Source: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
