Brazil vehicle financing hits 15-year September high

Brazil's vehicle financing market recorded its best September in 15 years, according to data from Trillia, a business line of B3. During the month, 670,675 units were financed, marking the highest September volume since 2011 and a 2.8% increase compared to the previous year.

The growth was driven by new vehicles, which saw a 9.8% increase to 271,000 units. In contrast, used vehicle financing fell by 1.5% to 400,000 units. In the light commercial and auto segment, financing rose by 4.5% over the last 12 months, while motorcycle financing decreased by 1.5%.

For the first nine months of the year, total financed vehicles reached 5.8 million, representing a 9.1% annual expansion. Despite economic volatility, the market averaged 31,937 vehicles financed per business day in September.