SAO PAULO – September passenger car sales totaled 118,300 units, up 25.6% over August. The result was largely due to the 3% drop in the government's industrial products tax. (See related story: Brazil Lowers Industrial Vehicle Taxes) General Motors do Brasil Ltda. led sales with a 23.5% share; followed by Fiat Automoveis SpA (23.3%); VW do Brasil Ltda. (2.2%); and Ford Brasil Ltda. (11.6%). Renault SA sales climbed 46.5% after sales of 6,500 vehicles in September. For the first nine ...
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