Brazil automotive industry 2017The Brazilian sector is regulated by the Associação Nacional dos Fabricantes de Veículos Automotores (Anfavea), produced in 1956, which involves automakers (automobiles, light cars, trucks and buses) and agriculture machines with factories in Brazil. With a population of more than 210 million people, Brazil is the biggest fleet marketplace in South America. The Brazilian market continues to be very competitive, and all automotive companies are employing a selection of economic incentives to defend and bolster industry shares. 1 optimistic aspect for future fleet sales in Brazil is the massive interest from international investors seeking for new projects. Brazil’s tremendous infrastructure demands, indirectly translates into an uptick in truck and gear purchases amongst subcontractors.

The consultancy Carcon LMC estimates that idleness will be a lot more than 40% this year, taking into account the production possible of 6.5m units in South America. The predicament is set to worsen … READ MORE ...