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39 AutoData | November 2018 Volume of vehicle financings Annual comparative until September. It includes light, heavy vehicles and motorcycles. Source: B3 2 518 943 1 498 387 3 735 424 1 314 897 2 420 527 2018 2017 Used Used 0 KM 0 KM 4 017 330 according to Central Bank of Brazil. Anef reports that the companies linked to the automakers have an average interest rate of 1.38%, while the overall market average is at 1.78% per month. The big banks, such as Itaú, Bradesco, Santander and Banco do Brasil, lead the financing ranking, since they hold almost half the portfolios of each automaker – in other words, each automaker bank has half of its own vehicles financings on average, even (usually) offering more advantageous conditions. The big banks, thanks to their capillarity, dispute the sum of half the portfolios of all brands that operate in Brazil and are still the main financiers of the used vehicles segment. Itaú Unibanco, for example, reached R$ 3.5 billion in concession of credit for vehicle financing in Brazil only in the se- cond trimester this year, 54% over the same period of 2017. The average value of these operations was of R$ 31,8 thou- sand, with an average financing term of 41 months and an average down payment percentage of 39%. According to its director Rodnei Ber- nardino de Souza, the institution made deep analysis to understand the custo- mers purchase process and from there created specific products and services ranging from the vehicles search on the internet to the sale process in stores and dealerships: “This is why we registered a higher growth than the market average which also benefited from a more favo- rable scenario, with a gradual recovery and increased consumer confidence to contract a long-term credit.” Banco do Brasil, on the other hand, celebrates the results of the mobile hiring service of vehicle financing via the bank’s app, with monthly rates starting at 0.93%. Since its launch in September 2015, R$ 1.9 billion has been released in signings by the channel, which already represents 67% of all line’s operations. On the app, customers can find (for example) the