Financing: daily sales grow, but monthly sales fall

By Redação AutoIndústria | 3/13/23 | Translated by Jorge Meditsch

B3 (São Paulo Stock Exchange) consolidated financing balance shows working days’ sales growth in February. Transactions in the period totaled 22.3 thousand light and heavy vehicles and motorcycles a day, 4.2% more than in the same month last year and a 10.9% increase over January 2023.

Nonetheless, the performance declined in monthly comparison. The 402 thousand new and used vehicles financed last month represent a 1.2% fall compared to February 2022 and less 9.2% than in January.

In the light segment, the transactions reached 290 thousand in February, 7.2% less than one year ago and 12.9% less than in January this year.

The declining trend also happened in the heavy segment. With 18 thousand units financed, sales fell by 12.4% compared with February 2022 and 12.4% from January this year.

Motorcycle financing was the only sector with positive changes. Last month, 92 thousand new and used units were negotiated, with a 28.2% growth from February 2022 and 6.4% more than in January this year.

“The motorcycle segment keeps showing good results this year, which has enabled equilibrium in this scenario of high-interest rates, used vehicle valuation and lower purchase power that affects the market”, declared in a note Tatiana Masumoto Costa, B3’s Planning supervisor.

In the bimester, financed sales performance increased by 4.8%, with 485 thousand units sold, compared to 806 thousand last year.

Photography: Pixabay