Total vehicle sales declined 1.1% in 2013, chiefly on the back of weakness in the country's passenger car market. Indeed, sales in this segment spiked in Q312 on the back of the introduction of government tax incentives, creating high base effects for 2013 and dragging down the year-to-date growth rate.Furthermore, the broader slowdown in consumer spending in Brazil impacted the passenger car segment,and we did not see a pick-up in the growth rate in Q4, despite lower base effects.

BMI Industry View 7

SWOT 8

SWOT Analysis 8

Political 10

Economic 11

Business Environment 12

Industry Forecast 13

Sales 13

      Table: Brazil Autos Sales By Segment - Historical Data And Forecasts, 2010-2017 13

Production 14

      Table: Brazil Autos Production By Segment - Historical Data And Forecasts 14

Trade 15

      Table: Brazil Autos Trade - Historical Data And Forecasts 15

Passenger Cars 16

      Table: Brazil Passenger Car Segment - Historical Data And Forecasts 16

Sales 16

Production 18

Company News 19

Commercial Vehicles 23

      Table: Brazil Commercial Vehicle Segment - Historical Data And Forecasts 23

Sales 24

Production 25

Motorcycles 28

      Table: Brazil Commercial Vehicle Segment - Historical Data And Forecasts 28

      Table: Motorcycle Sales By Brand 29

      Table: Motorcycle Production By Brand 30

Suppliers 30

Macroeconomic Forecasts 33

Economic Analysis 33

      Table: Brazil - Economic Activity 39

Industry Risk Reward Ratings 40

      Table: BMI's Americas Risk/ Reward Ratings 42

Company Profile 43

Company Monitor 43

Volkswagen 46

Regional Overview 47

Global Industry Overview 55

      Table: Passenger Car Sales November 2013 (CBUs) 55

Europe On Road To Recovery 55

Tax Hike Skews Japan's Outlook; US Hits Sweet 16 57

China Is BRIC Bright Spot 59

Demographic Forecast 62

      Table: Brazil's Population By Age Group, 1990-2020 ('000) 63

      Table: Brazil's Population By Age Group, 1990-2020 (% of total) 64

      Table: Brazil's Key Population Ratios, 1990-2020 65

      Table: Brazil's Rural And Urban Population, 1990-2020 65

Methodology 66

Industry Forecasts 66

Sector-Specific Methodology 67

Sources 67

Risk/Reward Ratings Methodology 68

      Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators 69

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