More than 3.63 million new cars, pick-up trucks, vans, large trucks and buses were sold last year in Brazil, an increase of 3.63 percent over 2010 and a new record, the Fenabrave distributors’ association said Wednesday.
The tally marked Brazil’s fifth-straight record-setting year for auto sales, according to Fenabrave, whose figures took into account both Brazilian-made and imported vehicles.
While sales of automobiles and light commercial vehicles (pick-up trucks and vans) grew a modest 2.9 percent last year to 3.43 million units, truck sales climbed by 9.69 percent to 172,661 units and bus sales soared 21.72 percent to 34,749 units.
Including motorcycles, 1.94 million of which were sold in 2011, overall vehicles sales grew 4.79 percent last year.
Fenabrave said it expects auto sales to rise by an estimated 5.76 percent in 2012. By vehicle type, sales of cars are expected to rise by 4.5 percent relative to 2011, trucks by 9.6 percent and buses and motorcycles by 14.3 percent and 7.5 percent, respectively.
Brazil suffered the effects of global financial turmoil and a reduction in foreign demand in 2011 but it managed to post another year of economic growth thanks to a growing domestic market.
The government estimates that the country’s gross domestic product rose by 3 percent in 2011, far below the 7.5 percent GDP growth in 2010.