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Jan 9, 2012

TRUCKS MARKETS * WORLDWIDE

* Brazil - Retains its place as a top 5 global auto market


Sao Paulo,SP,Brazil -CARCON Automotive, by Julian Semple -January 5, 2012: -- Full year results are likely to show Brazil as the 5th largest automotive market; it could even hold on to 4th place for a second year, depending on Germany's full year results. Unlike Germany and other big automotive exporters such as South Korea, however, Brazil relies mostly on its internal market for growth... After decades of high inflation, high interest rates and even default on international loans, Brazil's economy began to improve in the mid-1990s with the creation of the new Real currency. Getting inflation to one digit was key to increasing consumer confidence and buying power...  According to Fenabrave, the national dealership association, vehicle sales in 2011 totalled 3.633 million, a 3.3% increase over 2010. This includes 3.425 million units of cars and light commercial vehicles, and 207,400 trucks and buses. Fenabrave forecasts light vehicle sales to rise 4.5% in 2012, with a 9.6% rise in HCV sales...

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