LatinNews Daily - 06 July 2022

In brief: Car sales fall in Brazil

* Brazil’s national federation of automobile dealers (Fenabrave) has announced that vehicle sales in the first six months of the year were 3.02% lower than in the same period in 2021. The latest figures show that vehicle sales in June were also down 6.64% on May, but up 2.09% on June 2021. Broken down by vehicle type, the total number of car sales in the first six months of 2022 was 15.04% lower than in the same period in 2021; van sales were down 16.89%; lorry sales down 1.22%; and bus sales down 1.31%. In contrast, motorcycle sales were up 23.07% over the same period. Fenabrave predicted continued strong growth in the motorcycle market for the rest of the year due to the high cost of fuel and the growth of delivery services.

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