IBV Auto, from BV bank, shows a slowdown in the prices of used light vehicles in Brazil in July. The index rose 0.07% in the month, after rising 0.57% in June, marking the smallest variation since March 2025. For BV, "the data reinforces signs of accommodation in the used car market after a long period of appreciation".
Used car prices slow to an increase of 0.07% in July, shows IBV Auto
IBV Auto, from BV bank, shows a slowdown in the prices of used light vehicles in Brazil in July. The index rose 0.07% in the month, after rising 0.57% in June, marking the smallest variation since March 2025. For BV,...
In the year up to July, the indicator increased 3.56%. In 12 months, the increase slowed to 6.10%, compared to 6.87%, reflecting more moderate demand and prices more aligned with the macroeconomic environment of high interest rates. Even so, the rate of 6.10% exceeds the inflation accumulated in the period, measured by the Broad National Consumer Price Index (IPCA), which is 4.64% until June. The last data reported, the July IPCA-15 was 4.52% in the period.
For the chief economist at BV bank, Roberto Padovani, the result shows that the market is beginning to respond more clearly to the economic scenario. According to him, used car inflation practically stopped in July.
"The movement reflects a more challenging environment, marked by greater competition from Chinese automakers, falling prices for new vehicles, still restrictive credit, a slowdown in the job market, an increase in defaults and a high impact on family income," Padovani said in a note.
Region
In July, the Northeast had the biggest average drop in prices (-0.19%). In total, 16 of the 27 federation units recorded a decline, after a widespread increase in June. In the regional average, only the Central-West (+0.29%) and South (+0.22%) advanced in the month.
Piauí (-1.08%) had the biggest drop, while Amapá (+0.71%) recorded the biggest increase. In 12 months, Pará (+4.14%), Mato Grosso (+4.37%) and São Paulo (+4.46%) show the smallest advances; Minas Gerais (+7.66%), Rio de Janeiro (+7.65%) and Rio Grande do Sul (+6.51%) lead.
According to Jamil Ganan, vice-president of Retail at BV, the data indicates that the used car market has entered a new phase of adjustment. In July, 16 states saw a drop in prices, unlike June, when there was a widespread increase, he mentions. Older popular cars still retain part of the appreciation, but models such as Onix, Gol, Uno and Kwid are already losing steam, he highlights. According to him, the tendency is for the sector to reflect more the economic scenario, credit and prices of new cars.
Source: Noticias ao Minuto
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