Sol Biderman


Based in Sao Paulo, Sol writes about the Brazilian auto industry and other South American markets.

Waiting Lists Show Brazil’s Hot Car Market Simmering 
Vehicle sales soared ahead of the scheduled Aug. 31 expiration of the discount on the industrial product tax, and waiting lists for some models reached up to three months. The government since has extended the tax cut through October.
Brazilian Auto Makers Square Off in Competitive Compact-Car Segment 
Auto makers are churning out new compact cars for the domestic market as exports slow due to an unfavorable exchange rate, logistics costs and obsolete models for more demanding international consumers.
Brazil Vehicle Sales Set 1-Month Record in August 
Dealers say sales were spurred largely by the government’s threat to end the discount on the country’s industrial product tax. However, the discount has been extended through October.
Peugeot’s 308 GTi Hatchback Arrives in Argentina 
The hatchback’s launch comes as industry officials announce car sales in the country could reach an estimated 800,000 units this year, up 18% from 2011.
Brazil Changing Criteria for Import Tax on Cars to Avoid WTO Challenges 
A sharp hike in the IPI tax last year was part of an effort to discourage growing import sales taking advantage of the falling local currency and Brazilians’ interest in more up-to-date foreign models.
Toyota Waking From ‘Sleep’ in Brazil
The auto maker’s first step is the inauguration this month of its third plant in Brazil that initially will produce 70,000 Etios compact cars annually. If sales are favorable, the number likely will expand to 100,000 units.
Auto Makers Predict Brazil August Sales to Beat Record
The industry is maintaining its forecast for growth in sales and production this year, based on the expectation that lower interest rates and government stimulus should be sufficient to push past a slow first half.
Ford, GM Upbeat About Brazilian Market’s Second-Half Prospects 
The auto makers disagree with Fenabrave’s forecast of a 0.4% year-on-year drop in light-vehicle deliveries, which would be Brazil’s first sales decline since 2004.
China Seeks Further Inroads Into Brazil’s Auto Industry 
Analysts note Chinese auto makers have not made significant sales gains in Brazil, despite spending heavily on renting showrooms and advertising their vehicles in the country.
Brazil Q1 Sales Drop for First Time Since 2003 
The 5-year, no-down-payment loans that spurred sales in recent years have “practically disappeared,” and a 30% tax hike on imports also has hurt the market, an industry group says.
Brazil Snagged in 3-Way Trade Dispute
Brazil needs the approval of each nation in the Mercosur trade bloc, including Argentina, to revamp its automotive accord with Mexico. Meanwhile, Argentina is pressing Brazil to buy more of its auto parts.
Importers Take Tax Whack in Brazil 
The sharp drop in imports began even though auto makers including China’s JAC and Chery, and Germany’s BMW and Mercedes-Benz, chose not to pass all of the 35% tax hike along to the consumer.

Mar 8, 2018

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