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Follow on Google News | Flex Fuel Vehicles Sales Drive Brazil Automobile IndustryFlex fuel vehicles sales in Brazil are forecasted to grow at a CAGR of around 7.5% during 2010-2013 on the back of government support and countrywide acceptance, says RNCOS.
By: Shushmul Maheshwari Our report has found that the automobile industry has highly benefited from fast developing economy, stable government, relaxed credit facilities, and above all, a wide acceptance of flex fuel vehicles in the country. Multiple fuel choice and environment friendly nature of flex fuel vehicles have made them most favorable transportation means in the country. The number of biofuel-powered cars stood at around 0.2 Million in 1980 which experienced an astronomical growth and reached around 2.7 Million units in 2009. This growth trend is expected to continue in coming years and will help in maintaining the overall automobile industry attractiveness. The Brazilian government is striving hard to lessen its oil dependency and has already taken several measures (such as biofuel blending) in this direction. Since 2008, use of 2% blended biodiesel for meeting transportation needs has been made mandatory and this figure will go up to 5% by the end of 2013, said RNCOS research report. All these government’s initiatives exhibit its serious efforts to encourage people for using flex fuel in their vehicles. However, the automobile industry is currently facing some growth hurdles, which have marginally affected industry’s performance. Appreciation of Brazilian currency against US dollar, low automobile demand from Mercosur countries and credit crunch for OEM’s are some major challenges that have taken toll on industry sales, but they are not long lasting in nature and will lose their base within short time span. “Brazil Automobile Forecast to 2013” contains comprehensive information and rational analysis of the automobile industry along with overview of past and present market trends. The report gives a deep insight into all important industry segments such as passenger cars, LCV’s, Bus, Trucks, etc, with focus on future market trends and developments taking place in the Brazilian automobile market. A detailed analysis of auto component industry has also been provided to update clients about the changes taken place in recent years. For FREE SAMPLE of this report visit: http://www.rncos.com/ Check DISCOUNTED REPORTS on: http://www.rncos.com # # # About RNCOS: RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment. End
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