Could commercial investment in Brazil rise as car sales soar?
Date added: 4th August, 2010 at 09:22
(view all articles from August, 2010)
Categories: Economy
Anyone looking at investment in Rio may be interested to know that sales of Brazilian motor vehicles increased by 15.27 per cent in July.
According to the National Automobile Dealership Association, or Fenabrave, many consumers took advantage of an expansion in credit facilities while automakers introduced a range of discounts.
The organisation noted that sales of cars and light vehicles reached 285,299 last month, the Wall Street Journal reports.
This comes after the Financial Times reported that commercial investment from abroad is arriving in Brazil as many carmakers relocate their production to the country.
It now looks set to become the fourth-biggest market for vehicles in the world thanks to the middle class driving consumerism.
Discussing the latest July increases in a research report for Fenabrave's clients, a team of Goldman Sachs economists said: "This result is encouraging, because it shows that vehicle sales are rebounding after a temporary decline in the second quarter driven by the removal of IPI tax breaks."
For anyone wishing to invest in the full potential of Brazil, Property Bond Brazil has an excellent array of opportunities for commercial investment in Brazil.
Related Articles
Investment in Rio 'could bring greater income'
Date added: 27th July, 2010 at 13:42
(view all articles from July, 2010)
Investment in Brazil 'stays strong'
Date added: 6th July, 2010 at 14:39
(view all articles from July, 2010)
Move away from commodities 'could be opportunity to invest in Brazil'
Date added: 2nd July, 2010 at 09:58
(view all articles from July, 2010)