+Susen Rogen

Thursday, 14 November 2013

Brazil Autos Report Q1 2014:Automotive & Transportation Market Research Reports

Automotive & Transportation Market Research Reports
 
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Brazil Autos Report Q1 2014
Nov 13th 2013, 00:00, by swapnil

Passenger car sales in Brazil increased 3.6% year-on-year (y-o-y) in September, to 222,315 units. On the back of substantial sales declines in Q313, however, sales in this segment have declined 2.8% y-o-y over the first nine months of 2013, to 2,041,169 units. Passenger car sales spiked in Q312 on the back of the introduction of government tax incentives, creating high base effects. We expect the market to pick up somewhat over the remainder of the year due to lower base effects, in line with the September growth figure. However, the broader slowdown in consumer spending in Brazil looks to be …

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