Customers Put Brakes On June Shopping Frenzy

New vehicle sales in Brazil fell almost 5% month-on-month (m-o-m), to 285,406 units in July, according to estimates from the National Association of Motor Vehicle Manufacturers (Anfavea). The fall comes after sales surged in H106 to reach a record 300,002 units in June and justifies BMI's concerns about the sustainability of the upward trend for the remainder of the year.

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