Brazil Reports 12.2% Growth in New Vehicles Sales in Q1 2019

According to the report of Brazilian Fenabrave, in the first 4 months of 2019, 1,244,151 units of new vehicles were sold in Brazil, up 12.2% from 1,108,897 units recorded in the same corresponding period last year. The new vehicles sales in April 2019 reached 3,324 units, up 11.1% from the figure recorded in March 2019 (up 9.08% if compared to April 2018). Fenabrave thinks that such a development is related to the gradual increase in the Index of Consumer Sentiment (ICS) and the recovery of the automotive market.