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Rentals avail of retail retraction to expand their fleets

The sector's share in manufacturers' sales is 35%

By Alzira Rodrigues | Translated by Jorge Meditsch

While manufacturers and their dealers resist conceding a retraction in the Brazilian automotive retail, alleging the lack of products caused by the chips shortage in the first semester makes it difficult to analyze it, the president Abla, the Brazilian association of auto rental companies, Marco Aurélio Nazaré, was clear explaining why the sector purchases are expanding.

“The high price of the cars reduced the consumption in retail, and therefore we succeeded in expanding our purchases in the second semester”, told the executive, informing that the rentals’ share of the manufacturers’ sales is currently 35%, instead of the usual 20%.

The rental companies will close the year with a 30% growth in their purchases, reaching 575 thousand vehicles – from 110 thousand to 120 thousand bought in November and December. Last year, they bought 441 thousand units and, in 2020, only 360 thousand. The total in 2022 shall overcome the 541 thousand vehicles bought in 2019, before the pandemic.

The numbers were released at the opening of the 17th International Vehicle Rental Forum this Tuesday, 12/22, in the Transamérica center, in São Paulo.

“From July through October, we purchased 233,540 vehicles, and, in the first ten months, we reached 457,410 units, 3.5% more than the full year of 2021. Until October, our fleet grew 20.8% compared to December 2021, reaching 1,373,407 automobiles and light commercial vehicles, against 1,136,517 at the end of last year”, informed the president.

According to Nazaré, the delivery time, which reached 180 days at the pandemic’s peak, is now 30 days, which is normal. “The production isn’t yet fully normalized. Therefore we still face difficulties in buying entry-level cars, the most demanded for rental.

About 2023, Abla believes the demands associated with fleet outsourcing and cars by subscription will remain high. “The participation car subscription (which grew 16.4% this year) shall double in the medium term as, although it is a new modality, it is here to stay”.

Photo: Pixabay

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Alzira Rodrigues

Jornalista formada pela Universidade Metodista de São Paulo, iniciou a cobertura do setor automotivo em 1981 na Sucursal do ABC de O Estado de S. Paulo. Manteve-se na área desde então, passando por outros jornais e também revistas e sites.

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