LatAm Transport and Capital Goods: Daily Take-Off: RENT, MOVI, MOTV, ECOR, RAPT, TUPY, POMO, ASUR

Research evidence excerpt

LatAm Transport and Capital Goods: Daily Take-Off: RENT, MOVI, MOTV, ECOR, RAPT, TUPY, POMO, ASUR

rovide up to R$30bn in financing for taxi drivers and ride

hailing operators and has already prompted 14 automakers to announce discounts

on eligible models. To qualify, vehicles must cost no more than R$150k and comply

with sustainability requirements under the Mover program, including flex-fuel,

hybrid flex, electric or ethanol-only powertrains. So far, 38 eligible models spanning

hatchbacks, sedans, SUVs and minivans have been included in the initiative.

Reported discounts vary substantially by manufacturer and model, with some price

reductions reaching up to R$57k. Participating brands include BYD, Chevrolet, Fiat,

Honda, Hyundai, Jeep, Nissan, Peugeot, Renault, Toyota and Volkswagen, among

others. The program also includes recently launched electrified vehicles such as the

BYD Atto 2, priced at the R$149,990 eligibility threshold. Potential Impact: Slightly

negative for Bz Car Rentals (RENT, MOVI), as the ride-hailing segments from car

rental players might be impacted by the measure. On the flipside, we do note that

most companies in the segment are keen on limiting exposure to the segment, due

to the high depreciation rate of cars in the segment. Also negative if the program

triggers additional discounts across the wide vehicles buyers base, potentially

impacting used cars prices and depreciation.

MOTV, ASUR: Anac approves sale of 20-airport platform to ASUR

According to Poder 360, Brazil’s civil aviation regulator Anac unanimously approved

Motiva’s request to transfer control of its airport platform to Mexico’s ASUR. The

transaction, originally announced in November 2025, involves the sale of 100% of