Car sales in the Brazil economy are expected to hit the 3 million mark in 2009 according to the Brazil Motor Vehicles Manufacturers Association (Anfavea) as reported by Dow Jones.
On average since July, 250,000 cars were sold in the Brazil economy and the pace is expected to continue through out 2009 and into 2010.
Key drivers that are spurring demand for cars in the Brazil economy include a Brazil government tax break resulting in a sticker price reduction of about 7 percent in addition to lower interest rates and extended payment terms on financing.
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