Brazil passenger car sales continue to drop in September

07 October 2016 11:35 Source:ICIS News

LONDON (ICIS)--Brazil's passenger car sales recorded another drop in September, falling by 22% year on year, according to the latest data from Associacao Nacional dos Fabricantes de Veiculos Automotores (ANFAVEA).

Passenger car sales between January and September 2016 fell by 18.9% year on year.

Brazil passenger car sales 

September 2016

129,688

September 2015

166,358

Jan-September 2016

1,299,543

Jan-September 2015

1,602,112

Source: ANFAVEA

The automotive industry is a major global consumer of petrochemicals which contributes more than a third of the raw material costs of an average vehicle. ICIS tracks the movement of petrochemical raw material costs in auto production both globally and regionally with the weighted ICIS Basket of Automotive Petrochemicals (IBAP).

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By Vasiliki Parapouli