From MercoPress: Brazil has become the world’s fourth largest market for the automobile industry with sales of 3.45 million in 2010, up 9.8% over 2009, and is also attracting massive overseas investments to the industry, reports Anfavea the Brazilian Association of automobile manufacturers.Brazil now stands behind China, United States, Japan and ahead of Germany.
“This is a great attractive for a growing market with gret potential given the low car density per capita”, said Cledorvino Bellini, Anfavea president. Brazil has an estimated fleet of 30 million cars for a 190 million population, which makes it one in seven, compared to the US and the EU which have reached their maximum percentages.
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“This is a great attractive for a growing market with gret potential given the low car density per capita”, said Cledorvino Bellini, Anfavea president. Brazil has an estimated fleet of 30 million cars for a 190 million population, which makes it one in seven, compared to the US and the EU which have reached their maximum percentages.
Read more...
