Light vehicle consortium achieves unprecedented results in 2023

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The undisputed leader in the Consortium System, the light vehicle consortium closed 2023 achieving unprecedented results. This is the case of the indicator that measures the volume of credits traded. In the accumulated 12 months, it ended the year surpassing the level of R$ 100 billion – a feat achieved for the first time in the history of the light vehicle segment.

The volume of traded credits is the indicator of the Consortium System that represents the sum of all consortium contracts signed in a given period. If you have any questions about this subject, it is important to read this post . In 2023, this sum reached R$ 104.32 billion, increasing the result achieved in the previous year by 27.9%. At that time, the volume of traded credits reached R$ 81.59 billion, according to data from ABAC 's economic advisory service .

The peak in contracted values ​​occurred in November, when new contracts from the light vehicle consortium totaled R$12.14 billion in credits. There was a change in behavior, since in previous years, between 2020 and 2022, the peak in contracts varied between the months of August and September. The volume in November 2023 was also a monthly record for the indicator of credits traded in this segment, surpassing the previous record of R$10.76 billion, recorded in July of the same year.

Increase in memberships and average ticket price boosted
To understand the increase in the volume of credits contracted uruguay whatsapp list via consortium, or credits traded, it is necessary to analyze the performance of two other indicators, which are directly linked: the number of quotas sold, the so-called subscriptions, and the average ticket, which is the average value of the quota contracted.

In 2023, 1.7 million shares of the light vehicle consortium were sold, a result that represented an increase of 13.3% compared to the 1.5 million in 2022. Throughout the year, the only month in which the total number of shares sold was below its respective amount in 2022 was July. On that occasion, 146,130 shares were sold, compared to 147,685 a year earlier.

Still in relation to monthly sales performance, there were two peaks in the results. One occurred in June, when the 162,750 quotas sold represented an increase of 39.7% compared to June 2022. And in November, when sales grew 27.4%, reaching 165,057, while a year earlier there were 129,546 subscriptions.

Combined with sales performance, there was an increase in the average annual ticket, which closed at R$61,457. Compared to the 2022 average, when it was R$54,376, the increase reached 13%. This represents an appreciation of eight percentage points above the average inflation in the country, which according to the IPCA closed 2023 at 4.62%.

It is also worth adding that the values ​​of the average monthly tickets, in 2023, varied from R$56,325, in January, to R$73,658, in July. In fact, in addition to being the highest value of 2023, July was a record for the segment in the comparison of the average monthly ticket.

5 consecutive years of growth
In 2023, four indicators of the light vehicle consortium accumulated five consecutive years of growth. In addition to quotas sold and credits traded, the results of which you have just seen, this also occurred in active participants and credits made available.

In the case of active participants, the indicator is monthly. The 4.47 million registered in December represented the highest value of the year. Thus, it ended 2023 with an increase of 5.7%, since a year earlier it was 4.23 million. In addition, in December, it completed a sequence of 20 months with results above 4 million participants. This period began in May 2022, and this level was surpassed for the first time in September 2021, when it closed at 4.02 million.

The volume of credits made available, in addition to growing for the fifth consecutive year, had a significant increase: 21.3%. In 2023, R$38.84 billion in credits were made available for the acquisition of vehicles in the category that includes cars, vans and utility vehicles. In 2022, this amount reached R$32.01 billion. On average, R$3.24 billion per month in credits were made available in the light vehicle consortium.

The resources reached 636.02 thousand beneficiaries, a number of people that increased for the third year in a row. In 2023, the total number of beneficiaries was 7.7% higher than in 2022, when there were 590.59 thousand beneficiaries. The month with the best performance was September, when the number of beneficiaries reached 72,907.