Brazil car export rise driven by Latin American growth

Joachim Eckel

A rise in the Brazilian car market is marking a new period of Latin American economic growth, after three years in the doldrums. Brazil saw automotive exports hit a record in November, while the first 11 months saw a year-on-year rise of 53%. While Brazil formerly focused on its large domestic market, the recession saw it switch to exports as it became more competitive. Now nearly one in three cars made in Brazil are exported, primarily to Colombia and Argentina, as the economic recovery in the region gains momentum, reports the FT.