TRUCKS SALES * WORLDWIDE
* Brazil - Oct Auto Sales -10% on Month, -8.3% On Year - Fenabrave
Sao Paulo,SP,Brazil -Dow Jones, by Paulo Winterstein -November 03, 2011: -- Brazilian auto sales in October dropped 10% from September and declined 8.3% from the year-earlier period, as retail sales continue to slow and fleet sales drop... Car and light commercial vehicle sales in October reached 263,819, down from 293,607 in September and 287,586 in October 2010, auto dealer association Fenabrave said Thursday. Through the first 10 months of the year, sales were up 5.1% to 2.8 million, in line with estimates for 2011 sales growth of about 5%... Despite interest-rate cuts by Brazil's central bank that started in August, financing costs have risen in a country where about 70% of auto purchases are financed. That has slowed consumer spending somewhat at the same time that companies, more concerned about the global economic outlook, have slowed purchases of autos... Fleet sales this year accounted for most of the industry's growth, auto maker association Anfavea said in August...
* India - VE Commercial Vehicle sales up 28% in October
New Delhi,India -Press Trust of India/Business Standard -November 02, 2011: -- Auto-maker VE Commercial Vehicles today said it recorded a 28.24% jump in sales of Eicher branded trucks and buses in October at 4,205 units... The joint venture between Volvo Group and Eicher Motors had sold 3,279 units in the same month last year, VE Commercial Vehicles (VECV) said in a statement... VECV's domestic sales in October increased to 4,135 units from 3,070 units in the same month a year ago, a rise of 34.69%, the company added... The exports, however, declined by 66.51% to 70 units during the month from 209 units in October 2010... VECV's sales of light commercial vehicles in the Indian market went up by 22.69% to 2,969 units during the month from 2,420 units in October 2010... Heavy commercial vehicle sales recorded 68.14% jump to 686 units last month from 408 units in the same period last year, it added...
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