Report Published: "Brazil Autos Report Q2 2013"
BMI forecasts passenger car sales to increase 5.8% in 2013 - relatively robust sales growth, albeit a slowdown in the growth rate from 2012. In 2013, we expect to see a slight pickup in private consumption growth, although we believe this will be moderated somewhat by high household debt levels, weak access to credit, and further weakness in the real. As the government winds down its stimulus measures to boost car sales this year, we expect to see sales moderate.
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