It will take years for local production and imports to meet this repressed demand and reduce the age of the fleet. Consumer spending has increased significantly over the past two years, with the stabilization of the currency and dampening of inflation. The successful economic stabilization plan initiated in June 1994, the Real Plan, has allowed an estimated 13 million new consumers to enter the domestic market. The impact of these new consumers in the market has been dramatic. Vehicle producers are responding to this expanding consumer base and now offer 30 brands and 400 vehicle models produced locally compared to only 4 brands and 80 models 10 years ago.
Consumers also have access to financing for vehicle purchasers for the first time.
The second significant trend affecting the Brazilian automotive sector is its increasing position as a global sourcing location. Journal Gazeta Mercantil and local contacts. Best prospects for greatest U.S. export potential are those products based on high technology and specialized components and accessories. The 1995 and 1996 US exports of autoparts trend outlined below exhibits the highest US export levels by H.S. codes. Enter a company name or a portion of the name.