Clipping of news on Brazilian Culture, Law and Citizenship
02/21/2014
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Balance of funding for vehicles closed in 2013 with a decline of 5.6 %
SAO PAULO - The second consecutive year of declining balance , sum of portfolios vehicles , CDC Leasing and closed 2013 at R$ 228.6 billion, compared to R$ 242.2 billion in 2012 - representing a reduction of 5 6 % in the period. In 2011 , the sum of the portfolio was R$ 244.9 billion .
According to data revealed by Anef ( National Association of Financial Companies Motadoras ) , the cumulative total of funds released to these categories of credit totaled R$ 117.5 billion last year . The value was 1 % lower than the R$ 118.6 billion in 2012 .
The president of the association , Decio Carbonari said that the decrease in the balance of the portfolio is not linked to the fall in the number of approved proposals , but deals zero rate decreases the average amount of funding . " This is a normal market policy used by automakers to subsidize lower rates or even zero rate , which makes the financing more attractive ," he explains .
In 2013 , the average interest rates in the market jumped from 1.52 % per month ( 19.8 % per year) to 1.62 % per month ( 21.3 % per year) in 2013 . In the same period , the Selic rate rose from 0.58 % per month ( 7.25% per year) to 0.80 % per month ( 10 % annually ) .
Drop in delinquency
The most positive factor considered by the Executive in 2013 was maintaining downward trend in delinquencies , which records the non-payment more than 90 days. In CDC mode to individuals , the rate was 5.2% , which represents a decline of 1.2 percentage point below the 6.4% rate , reported in 2012. Likewise , the less than 90 days for individuals , the CDC delays decreased : 8.4% in 2012 versus 7.7% in 2013 .
" This is the good news of 2013 , and that can draw a trend for 2014 , at least for the automotive sector credit. Falling default rates confirms the success in correcting the credit policies of the institutions , which may allow offerings compatible with this new scenario , "says Carbonari .
Another point emphasized by the chairman of Anef is the growth in the proportion of vehicles registered by the consortium. In models zero kilometer , about 8 % of deliveries were made via consortium , twice the volume of the last four years.
Source : MSN.com
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This article was translated by an automatic translation system, and was therefore not reviewed by people.