New vehicle sales in Brazil fell year on year in August but rose month on month, national automobile dealership association Fenabrave said.
Sales dipped 0.4% to 236,921 units versus August 2010 but rose 6.03% from July Fenabrave told Dow Jones.
Go deeper with GlobalData
In the first eight months of the year, car sales increased 4.9% to 1.73m units.
The slowdown in year-over-year growth reflected the impact of government economic cooling measures, Fenabrave said.
The government has been working to cool the economy as part of a drive to pull down inflation, now running at 7.1%.
Most anti-inflation measures have taken aim at consumer demand and credit. Earlier this year, the government raised taxes on many forms of consumer credit.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
