BY JULIAN SEMPLE. In October 2012, Anfavea, Brazil’s national association for vehicle manufacturers, forecast that the industry will invest between US$25bn and US$35bn by 2015 to meet market demand. The main driver behind this investment is the future potential growth of the automotive market - which expanded by 4.6% in 2012 to 3.8 million vehicles, and is set to match this again in 2013 - making Brazil the fourth largest automotive market after China, the US and Japan.
This article originally appeared in the Q2 2013 issue of Megatrends magazine. Download your free copy today.
In October 2012, Anfavea, Brazil’s national association for vehicle manufacturers, forecast that the industry will invest between US$25bn and US$35bn by 2015 to meet market demand. The main
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