But Brazil, South America’s largest consumer market, still has the potential to produce better profits and more customers for car companies even the country is going through an economic downturn that has changed the people’ attitude toward their political leaders. But when it comes to buying vehicles, Brazil is still a good market, according to Marcio Alaor, the Director of BMG Bank. Alaor said only 14 percent of the roads in Brazil are paved, but car manufacturers are still focused on the potential increase in business once the political and economic issues are resolved.
Marcio Alaor knows how important the automobile industry is in Brazil. Brazilians love cars, and some Brazilians are major investors in automobile manufacturers. The auto industry trade group in Brazil is still forecasting a decent year in 2016 in terms of automobile sales even though there could be a government tax increase and spending cuts. Alaor thinks Brazil could take over as the third largest car market in the world in 2016. Ford, General Motors, Fiat and Volkswagen have dominated the auto industry in Brazil for years, but Alaor thinks Kia, Honda, Hyundai and Nissan are eating into the 84 percent market share that those car companies once had in Brazil.
Mr. Alaor is well versed in automobile investments. He knows the history of the big America car companies and he believes those companies helped establish the stock market when they offered initial public offering years ago.
Being the Vice-President of BMG Bank and a major influence in the lives of thousands of Brazilians that need loans is what Marcio Alaor does now, but he experienced poverty in the small town of Santo Antonio do Monte when he was a boy. Alaor worked so he could go to school and get an education, but he never forgot where he came from. According to an article published by Exame.com, Alaor is now an expert when it comes to understanding the auto industry in Brazil and how it impacts the economy and investors.