Domestic car sales surge in Brazil, with market share rising significantly

According to the latest reports, sales of domestically produced cars in the Brazilian market have increased significantly this year, bringing pressure to traditional auto giants such as Volkswagen and General Motors. According to data from the Brazilian Automobile Dealers Association, the total sales of passenger cars and light commercial vehicles in Brazil reached 208,000 units in April, a year-on-year increase of 37%. Among them, Fiat, Volkswagen and General Motors ranked in the top three, accounting for 50% of the market share. The market share of Chinese brands BYD, Chery and Great Wall reached 7% in April. Although there is still a gap compared with last year's 3%, the growth rate is obvious. In the first four months of this year, domestic automakers sold 48,000 new cars in Brazil, which is 8 times that of the same period last year.