According to a report issued by Brazilian auto dealer association Fenabrave, the country's sales of passenger cars and light commercial vehicles grew more than expected in 2012, increasing by 6.11 percent in comparison with 2011, totaling 3,634,421 units sold. "The reduction of the tax on industrialized products (IPI) was instrumental in the growth of these segments. We expected to expand by 4.8 percent compared to the year 2011, and the result of 6.11 percent showed the joint work between the government, Anfavea, Fenabrave and all the leaders of the automotive sector," said the president of Fenabrave, Flavio Meneghetti.
Despite the good results recorded for cars and light commercial vehicles, the sales of the overall Brazilian motor vehicle sector, which includes trucks, buses, motorcycles, road equipment, farm machinery and other vehicles, fell 2.25 percent in 2012 compared to 2011. In all, 5,586,586 units were sold in 2012, against 5,715,248 recorded in 2011. "The sectors of trucks and motorcycles influenced the overall result, but we are confident that in 2013 these two segments will return to a growth curve," said the president of Fenabrave.
Despite the decrease in the whole year of 2012, the Brazilian motor vehicle sector grew 14.32 percent in December last year compared to November, with 510,298 units sold in December. Meanwhile, in December 343,770 passenger cars and light commercial vehicles were sold, up 15.75 percent compared to the previous month.