Brazil set to become fourth-largest vehicle market

Brazil set to become fourth-largest vehicle market
# 26 May 2010 08:05 (UTC +04:00)
Baku – APA-Economics. Brazil is on track to overtake Germany as the world’s fourth-largest vehicle market this year, as demand for cars in the country continues to surge past developed countries, carmakers and industry analysts say, Financial Times reported.

The country’s resource-fuelled economic expansion has spurred strong growth in car buying over the past year that has outlasted the expiration of tax incentives introduced after the financial crisis in late 2008, which lapsed in March.

Brazil was the world’s fifth-largest vehicle market last year after China, the US, Japan and Germany, with 3.1m cars and light trucks sold last year.
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