Credit-Fueled Surge: New Vehicle Sales in Brazil Climb 14.15% in 2024

The National Federation of Vehicle Distribution (Fenabrave) reported a significant uptick in new vehicle sales for 2024. The Brazilian automotive market saw a 14.15% increase, with total sales reaching 2.63 million units. Expanded credit offerings in the sector primarily drove this growth. Fenabrave’s data, based on vehicle registrations from traffic authorities, revealed a 31% expansion […]