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Automotive Market in Brazil

Brazil is the sixth-largest car market in the world, with over 212 million people. The country is also among the top ten passenger vehicle manufacturers worldwide. In 2021, the Brazilian motor vehicle sector recorded annual net revenue of 53.6 billion U.S. dollars.

Overview
The Brazilian automotive market is currently the eighth largest in the world. In 2022, sales of new passenger cars in the country stood at just under 1.58 million units. The market is dominated by local brands such as Chevrolet, Volkswagen, and Fiat.

As one of the world’s major emerging economies, Brazil is also home to one of the most prominent automotive markets worldwide. The automotive industry in Brazil is expected to grow at an average annual rate of 1.2% over the next five years, according to a report by IBISWorld.

In terms of sales, the Brazilian automotive market has been growing steadily. In 2022, General Motors was the best-selling car brand in Brazil, accounting for nearly 16.8% of car sales. Italian automaker Fiat ranked second, with a share of 15.5% of new passenger cars sold in the South American country that year.

Popular Car Brands
According to a report by Statista, the best-selling car brand in Brazil in 2022 was General Motors, accounting for nearly 16.8% of car sales. The second-best selling brand was Fiat, with a share of 15.5% of new passenger cars sold in the country that year.

Auto Shows in Brazil
There are many car shows and events in Brazil. Some of the biggest ones are:
   São Paulo International Motor Show: This is the biggest and most important automotive event in Latin America. It has been held in São Paulo since 1960 and is held biannually.
   Automec: This is the largest auto parts trade fair in Latin America. It is held annually in São Paulo and features over 1,500 exhibitors from around the world.
   Salão do Automóvel de Brasília: This is the largest auto show in the central region of Brazil. It is held annually in Brasília and features the latest models from major automakers.

Overall, the automotive sector in Brazil is poised for strong growth. Now it is the time to innovate. Start making changes by customizing your car with TeckWrap vinyl wrap films. Be unique and influence the trend. Get started now by connecting with our regional distributor at sidstore.com.br.

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