Vehicle consortium sales grew 12.5% this year

By Redação AutoIndústria | Translated by Jorge Meditsch

A balance released by Abac, Brazilian Association of Consortium Administrators, this Wednesday, 9/21, points to a growth in all vehicle consortium indicators. Including light and heavy vehicles and motorcycles, 1.98 million new quotas were sold up to August, 7.6% more than last year’s first eight months.

In the same comparison, commercialized credits grew 12.5%, from R$ 82 billion to R$ 92.2 billion. The number of active participants reached 7.2 million, compared to 6.66 one year ago. The total comprises 57.5% of light vehicles, 34.7% of motorcycles and 7.8% of heavy vehicles.

According to Abac data considering Brazilian Central Bank information, consortium sales correspond to 21.9% of the automotive market credit, which also includes Consumer Direct Credit (CDC) and leasing.

In the light vehicle segment, there were one million associations in the first eight months this year, 1.8% more than in the same period in 2021. August average ticket grew 15.6%, reaching R$ 58.7 thousand. The volume of commercialized credits jumped 10.5% to R$ 53.5 billion.

The more than 384 thousand of light vehicles contemplated, with credits potentially injected into the national market, corresponded to a 36.5% share in the internal market vehicle sales that totaled 1.05 million, according to Anfavea. In this segment, there are 4.14 million active participants.

There are currently more than 2.5 million participants in two-wheeler vehicles consortium. Abac also highlights the commercialized credits, with a 22.3% increase to R$ 13.21 billion. The 8.4% increase in new associations and the 15.3% growth in August’s average ticket to R$ 17.4 thousand were also highlights. 807.1 new quotas were sold in the first eight months of this year.

Among all automotive segments, heavy vehicles had the best results. In this case, new quota sales grew 50.9% to 170.5 thousand. “Following the development of agribusiness, the mechanism marked its participation in passenger and cargo road hauling, as well as agriculture and cattle raising”, informs Abac, revealing a total of R$ 25.5 billion commercialized credits this year.

Photograph: CAOA