LatinNews Daily - 03 February 2023

* Brazil’s national federation of automobile dealers (Fenabrave) has released figures on the sector’s performance in January, showing that the issuing of registration plates – a proxy for car sales – increased by 16.3% compared with the same month in 2022. However, car sales were down 26.8% compared with December. Fenabrave’s president, José Maurício Andreta Júnior, said that the monthly decrease reflects a recurring seasonal trend for the automobile sector, while the large year-on-year increase is due to the sector’s recovery from a slump induced by the Omicron wave of the coronavirus (Covid-19) pandemic. Andreta said that the 268,381 vehicles sold this January is therefore “not very different to the average recorded for the month of January over the past five years”.

End of preview - This article contains approximately 122 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial