Vehicle sales grow 2.2% in July

Vehicle sales grow 2.2% in July

Year-to-date, 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.

O vehicle market resumed recovery in July, with sales of 182,000 units, 2.2% more than in June and 3.7% above the result for the same month last year, according to data from the National Association of Motor Vehicle Manufacturers (anfavea). 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.

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