Brazil registered record motor vehicle sales for the month of February, rising 3.1% on the month before, according to unnamed industry sources cited by local Estado newswire. Sales of autobiles, light commercial vehicles, trucks and buses totaled 213,312 units, up from 199,366 units in February 2009, according to preliminary industry data cited by the sources. The market for cars in Brazil is booming. Sales of all vehicles in the country reached 3.14 million last year, an all-time record and an 11% increase on 2008. Topping the sales was Fiat with 737,000 vehicles followed by Volkswagen with 686,000 and GM with 595,000. Like so many sectors in Brazil at the moment, the automobile market offers potential for huge growth. Brazil´s population numbers around 200 million, but the ratio of cars to people is one car per seven people. Compare this to the US where the ratio comes in at one car per 1.2 Americans and it´s easy to appreciate the potential.
