Will Brazil's Luxury Market Triple by 2017?

Posted: Oct. 3rd, 2013  |  By DailyLuxe News

The automotive industry is gearing up to meet the anticipated demand for luxury automobiles in Brazil, reports Auto News.

Audi, BMW, and Mercedes-Benz are planning to manufacture automobiles in the country to be meet the demand that is expected to occur by 2017. According to Auto News, Mercedes-Benz plans to build its C-Class sedan and the GLA SUV.  

The Audi factory will manufacture the Audi A3 sedan and the Q3 SUV at its factory. Apparently, the automakers feel that small sedans and SUVs will be the cars most desired in the emerging market.   The entry-level luxury models also would appear to be a good fit for Brazil’s economy, as the average income for the top 5% earners is about $3,500 per month.  

There is no word on the type of cars BMW will build in Brazil. However, it would not really be stretching too far to assume that BMW takes a similar route in its manufacturing to drive sales in the country.  

Demand for luxury cars is expected to reach 100,000 by 2017.