Car sales 7.43% lower in August

Auto sales in Brazil were down 7.43% in August from July, according to a survey put out today (Aug 2) by the National Federation for the Distribution of Automotive Vehicles (“Fenabrave”).

Compared to August last year, a decline was observed—16.05%. A reduction can also be seen when the accumulated rates (covering the year’s eight first months) for 2014 and 2013 are taken into account—-8.62%.