"Brazil Autos Report Q3 2014" Published
Total vehicle sales declined 0.9% in 2013, chiefly on the back of weakness in the country's passenger car market. Sales in this segment spiked in Q312 on the back of the introduction of government tax incentives, creating high base effects for 2013 and dragging down the year-to-date growth rate. Furthermore, the broader slowdown in consumer spending in Brazil impacted the passenger car segment, and we did not see a pick-up in the growth rate in Q4, despite lower base effects.
View full press release