Clipping of news on Brazilian Culture, Law and Citizenship
10/07/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Fernanda Cruz
Brazil Agency reporter
São Paulo - The 5.9% fall in sales of new vehicles in the country , recorded in September , compared with August , reflects the selectivity in granting loans by banks , said the president of the National Association of Automobile Manufacturers ( Anfavea ) , Luiz Moan Yabiku Junior , commenting on industry figures released today ( 4 ) by the entity.
The Anfavea president said it is negotiating with the government as a way to improve sales performance , restructuring the banking called leasing , in which there is a purchase option at the end of the rental of a vehicle , to provide more legal certainty for mode . "I am convinced that , even in the month of October, we can rely on this instrument in the Brazilian market ," he said .
In 2008 , Moan said , leasing accounted for 38 % of the volume of vehicle financing . Today , that percentage has dropped to less than 2 % . According to him, the major factor discouraging the use of this operation was an attempt to transfer charges , such as traffic tickets , for financial company .
" This had been occurring with increasing volume and ended up discouraging market. What we're trying to get is that there is the possibility of transfer , in our view , incorrect , and that just locking the whole market , "he said .
Moan stressed that the projected growth in sales to the end of the year is maintained between 1 % and 2 % , even though the return of leasing does not occur . He pointed out as one of the factors stimulus for the financial system continues approving loans , the decline in delinquencies . According to him , keeping the volume of financing will help the car industry to reach its goal .
" When I talk to the financial system became more selective , it does not mean that he took his foot but stopped growing . He's keeping the volume of stable funding from one month to another, without big jumps , "he said .
According to the report released today by the entity , 309,800 cars were sold in September , up from 329,100 in the previous month . "I had expected a slightly higher volume ," said Moan . Regarding production in September , 332,000 units were manufactured . Compared to the same month of 2012 , an increase of 15.2 % . In the first nine months of this year , the country produced 13.9 % more units than in the same period of 2012.
Editing : David Oliveira
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Source : Agencia Brazil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.