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THE FUTURE OF
AUTOMOBILES
IN BRAZIL
By Célia Sassano | December 2019
IPSOS
FLAIR COLLECTION
There are a number of factors affecting and transforming On the other hand, there are new forms of mobility and new
the Brazilian automotive market today. On the one hand modes of convenience entering the market. Not to mention
there is a new generation of consumers more concerned the financial crisis that is reducing the purchasing power of
with the environment and less interested in owning a car. the average Brazilian.
YOUNG PEOPLE ARE REPLACING
OWNERSHIP WITH EXPERIENCE
Young people today are acquiring less material goods, such With this, ownership of a car is no longer a symbol of status
as homes and cars, and prefer to invest in experiences, and independence for these Brazilians, who obtain a driving
adventures and travel. This change in behavior highlights that license (CNH) later than those before them. In the last four
younger generations are more inclined to value sharing more years there has been a 30% decrease in the number of
than ownership. licenses issued (see figure 1).
If they need something, they rent it and share it. Mindful of Younger generations delay getting a driver’s license until
the constant financial crises, they prefer to invest in what their early 30s, when they start a family, have a child and
brings them the most pleasure. And on what makes them become more stable professionally. This also explains the
happier, more sociable, and better in social. Talking about a steady reduction in the sales of entry-level vehicles and the
trip, an international experience or an exchange program is growth in more complete models, including bigger cars with
more exciting than own
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