Domestic car sales surge in Brazil, posing a challenge to Volkswagen and GM

Recent reports show that since the beginning of the year, the sales of domestically produced cars in the Brazilian market have increased significantly, posing a strong challenge to automobile giants such as Volkswagen and General Motors. According to data from the Brazilian Automobile Dealers Association, 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 rank among the top three, accounting for 50% of the market share. The market share of Chinese brands BYD, Chery Automobile and Great Wall Motor reached 7% in April. Although this proportion is only 7%, compared with last year's market share of less than 3%, the growth rate is quite amazing. In the first four months of this year, domestic car companies have sold 48,000 new cars in Brazil, an increase of 8 times compared with the same period last year.