Clipping of news on Brazilian Culture, Law and Citizenship
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SÃO PAULO - The collapse of consumer confidence could affect the automotive sector in 2009. That is the advice that considers the trends, which states that the reduction of the IPI (Tax on Industrialized Products) have a limited effect on consumption, and that the drop in confidence will prevent a resumption of sales in the short term.
Recently, the president of Fenabrave (National Federation of the Distribution of Motor Vehicles), Sergio Reze, have shown the opposite view. He says sales should grow in 2009, although at a lower rate, because people are restoring confidence and will continue shopping even after March, when the reduction of the IPI cease to apply.
Projections
But while the body provides an increase of 3% this year, the Trends Consulting believes that there will be a reduction in sales of 10.9% compared to 2008. The expectation is that the company are sold 2.51 million vehicles.
Already the production and export should fall further to advice from 11.8% and 22.5% respectively.
But for the long term, the company is more optimistic, and believes that the possibilities of growth of domestic demand is very large. So says the automakers should not give up the national market.
Source: Infomoney
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This article was translated by an automatic translation system, and was therefore not reviewed by people.