Brazilian brand Circuit, which markets accessories for motorcycles and bicycles, will have its products exported by IBG Trade and distributed by local representatives. The company expects Dubai to become a sales hub for the Middle East and North Africa.
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Sidnei Santos established Total Design Art two years ago. He sells furnishing and décor items built from throwaway car, yacht, airplane and motorcycle parts.
Industry association Abraciclo’s chairman Marcos Fermanian said the availability of credit was the primary driver of the increase.
Year-to-date through April, 1.244 million units were sold in the country, including automobiles, light commercial vehicles, trucks, buses and motorcycles.
Q1 saw 904,760 brand new units sold in Brazil, including automobiles, light commercial vehicles, trucks, buses, motorcycles, road implements and other vehicles.
Association Abraciclo has revised up its 2018 estimate on the back of good results seen from January to November.
The month saw some 5,000 units shipped out from Brazil. The number is down from October 2017, but foreign sales climbed year-to-date through October.
Over 41,000 units were shipped abroad from Brazil in the first half. In June, however, foreign sales slid due to currency depreciation in Argentina.
The sector’s exports increased 39,3% in this year’s Q1, according to the manufacturers’ association, Abraciclo.
