Posts Tagged ‘BRIC car markets’

“Last Frontiers” Poised to Make up 20 Percent of Global Auto Sales by 2020

Developing Countries Key to Long-Term Sales for Automakers.

by on Oct.23, 2013

If Toyota wants to remain the top automaker worldwide, it needs to focus on growing sales in developing markets.

The auto industry’s “Last Frontiers” around the globe are in four regions spread across South America, Africa and Asia where car sales will grow faster than in China between now and the end of the decade, according to a new study by the Boston Consulting Group (BCG).

Car sales are set to explode in the Andes Region, North Africa, the Middle East – where Iran and Saudi Arabia are poised to become substantial markets – and in Southeast Asia where Indonesia vehicle sales are growing.

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All four regions have been scared over the years by terrorism, cycle of economic boom and bust and acute poverty. Nonetheless, the economies in all four regions are expected to grow at a pace that will sustain rapid growth in car sales, noted Xavier Mosquet, senior partner in charge of BCG’s Detroit office. (more…)

Brazil Set to Outsell Germany?

The land of tomorrow…today?

by on Apr.15, 2010

Though the market has become more global, Brazil has also seen the development of some unique models, like the Chevrolet Sabia.

Brazil is the land of the future…and always will be, or so goes the snarky joke about Latin America’s largest country, a nation that always seems to be so close to becoming a truly first world economy, only to see itself set back by yet another crisis.

But when it comes to the automotive industry, at least, Brazil is finally in gear and, it seems, on a fast course to overtake Europe’s largest national market, Germany – perhaps this year – according to several new studies, including one by J.D. Power and Associates.

The Brazilian market has been on a shaky march for more than a decade, set in motion by that government’s creation of the so-called “Popular Car” segment.  Originally seen as a small niche of stripped-down econocars aimed at first-time buyers hoping to improve their lives, the Popular Car segment is now a major force in the Brazilian auto industry.

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Meanwhile, IHS Global Insight reports that improving access to credit has increased the number of potential car buyers in the nation of 206 million people by 50%.