By Brazil Stock Guide – Brazil’s vehicle-financing market posted its strongest first-half performance since 2008, driven by used cars and motorcycles, regional expansion and a sharp increase in credit for new trucks and buses.
Financing for passenger cars and light commercial vehicles reached 434,000 units in June, an 11.9% increase from a year earlier. Used vehicles accounted for 323,000 transactions, up 12%, while new-unit financing fell 3.3% to 112,000.
The figures signal that secondhand vehicles remained the main source of growth in the market’s largest category, offsetting weaker demand for credit tied to new models.
Motorcycle Financing Rises
Motorcycle financing totaled 155,000 units in June, 5.6% more than in the same month of 2025.
Transactions involving used motorcycles increased 5.5%, while lending for new models declined 2.4%. The segment’s overall expansion was therefore concentrated in the secondhand market.
Heavy-Vehicle Credit Accelerates
Financing for trucks and buses reached 24,000 units, a 7.1% year-on-year gain. Both new and used heavy vehicles recorded double-digit increases.
New trucks and buses posted the strongest percentage growth among the reported categories, rising 33.2% to 13,000 units. Used heavy vehicles advanced 19.9% to 11,000.
The performance contrasted with the declines in financing for new passenger vehicles and motorcycles, indicating firmer credit demand in the commercial transport segment.
Central-West Leads Regional Growth
All five Brazilian regions expanded in the first half. The Central-West led with a 13.1% increase from the same period of 2025, followed by the Northeast at 12.6%.
The South grew 11.2%, while the Southeast recorded a 10.6% gain. The North had the slowest pace, advancing 4.4%.
Despite trailing other regions in percentage growth, the Southeast remained Brazil’s largest vehicle-financing market, accounting for 42.1% of transactions completed between January and June.
Credit Data Improves Risk Assessment
The sector’s performance has also been supported by greater access to collateral information and mechanisms designed to reduce risks for lenders.
The National Liens System records financial restrictions attached to vehicles pledged as collateral, giving banks and finance companies more visibility when assessing credit applications.
Thiago Gaspar, customer relationship superintendent at Trillia/B3, linked the first-half result to improvements in the market’s data infrastructure. Trillia is associated with Brazilian exchange operator B3 SA (B3SA3:BZ).
“First-half data show a significant expansion in credit for vehicle purchases in a market that is becoming more organized and transparent, supported by protection mechanisms such as the National Liens System. Greater predictability for banks and finance companies through data helps explain the strongest start to a year for financing since 2008,” Gaspar said.
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