Brazil’s automotive sales hit record low in more than six years

摘要

Automotive sales declined almost by a quarter year-on-year in Brazil. February results fell to the lowest since November 2008, indicating a serious slowdown in Brazil’s automotive industry. February auto sales plunged to 290,215 units, down 22.2% month-on-month and 26.2% year-on-year, according to the National Automobile Dealers Association (Fenabrave). The cars and light commercial segments “had the worth month in the last 8 years,” with a decline of 26.7% m-o-m and 27.3% y-o-y, according to Fenabrave data.