Brazil car sales lost momentum in August -- report

Newswire

SAO PAULO, Aug 31 (Reuters) - Automobile sales in Brazil fell slightly in August over the previous month, two market sources told Reuters on Monday, suggesting government incentives for consumers implemented earlier this year might be losing steam. Car registrations for new vehicles fell 0.7 percent to 228,575 in the month through Aug. 28, compared with July, the sources said. The car dealers' association, Fenabrave, is scheduled to unveil car data for this month on Tuesday. Sales rose ...

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