Vehicle consortiums business achieves R$ 23.6 billion in two months

By Alzira Rodrigues | 3/27/23 | Translated by Jorge Meditsch

Vehicle consortiums negotiated more than R$ 23.6 billion in the first two months this year, including light and heavy vehicles and motorcycles – a 17.8% expansion over the R$ 20.08 billion registered in the same period in 2022.

The sale of new quotas reached 498.6 thousand, an 11.7% increase for the same period, considering last year’s 446.2 thousand.

Contemplations also increased by 4.1%, year-to-date, reaching 234.5 thousand, and the number of active participants grew by 9.2% to 7.51 million in February, 55.8% in light vehicle groups, 35.4% in motorcycles and 8.8% in heavy vehicles.

The businesses in the light segment grew 22.9%, reaching nearly R$ 14.5 billion. The average ticket grew 10.5% in one year to R$ 57.25 thousand in February, according to data released this Monday, 3/27, by Abac, the Brazilian association of consortium management companies.

Regarding the two-wheel segment, the association says all indicators this year are positive. The highlight was the R$ 3.63 billion total business, 28.3% more than the R$ 2.83 billion one year ago. New quote sales grew by 13.8% in the same comparison.

Heavy vehicle consortium reached 659.11 thousand active participants last month, an expressive 37.1% increase over February 2022’s results. New quota sales brew 19.6% to 36 thousand this year.

With a 3.6% average ticket decline from R$ 170.4 thousand to R$ 164.3 thousand, the commercialized credit volume grew by 1.5% from R$ 5.47 billion in last year’s first bimester to R$ 5.55 billion in 2023.

Photography: 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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