News

Incentives to new cars benefits used sales

With more than 905 thousand units sold in July, the sector grew by 4.7% over June

By Alzira Rodrigues | Translated by Jorge Meditsch

The government’s “affordable car” package created to incentive the new car market also benefitted used vehicle sales. According to figures released by Fenabrave this Tuesday, 8/8, used light vehicle sales reached 905.3 thousand units in July, 4.7% more than in June and 3.9% over July 2022.

Year-to-date, the segment grew by 5.3%. The so-called semi-new models, up to three years old, were 10.5% of the total sold in the month and 9.5% in the year.

Semi-new cars are the most used in a change for a brand new model, indicating that the government’s discounts in new car sales favored the used vehicle market.

“The government incentive measures helped the used light vehicle market, as many are used as downpayment in new car purchases. Therefore, July had a result slightly over 2023’s monthly average”, said José Mauricio Andreta Jr., Fenabrave’s president.

The executive explains that analyzing all automotive segments, the used vehicle market is keeping a good volume this year and overcome 8 million sales so far. This number includes light vehicles, trucks, buses, road implements and motorcycles and shows a 4.2% increase over 2022.

In July, the used vehicle market registered 1,216,323 transactions, 3.7% more than in June and 2.5% over the same month last year.

The used truck market had a new fall in the month (-1.1% compared to June and -5.7% compared to July 2022). Year-to-date, the retraction is 0.2%. Despite a 4.7% fall from June, road implements grew in the year-to-year comparison by 5.6% and 10.9% from January through July.

Bus sales grew 4% over June and fell 7.1% regarding June 2022, as motorcycles kept a volume similar to last year’s, with a 1% growth in the month and -1% less than in July 2022.

Photo: Fenabrave

Sobre
Últimos Posts

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.

Últimos posts por Alzira Rodrigues (exibir todos)