For the longest time, Brazil did not allow imported vehicles to be sold on the market if they came from a foreign market. This was changed in 1992, which opened up a major opportunity for Carlos Alberto de Oliveira Andrade at his company, CAOA. Carlos Alberto de Oliveira Andrade is the owner of the of the biggest Ford dealerships in Brazil today, where he currently maintains a position on the board of directors.
Before finding his company, Carlos Alberto de Oliveira Andrade came across a Ford dealership in Campina Grande that he wanted to buy a car from. After putting a down payment for a Ford Landau, the company ended up facing bankruptcy, which meant they had to back out of their deal for the Ford Landau. Instead of being compensated for the down payment he had already given to the company, Carlos Alberto de Oliveira Andrade suggested that the company be turned over to him instead, which they agreed to. This deal took place back in 1979 and he has since turned the company into one of the biggest dealerships in Brazil.
One of the first major developments that CAOA made with the removal of sales on foreign exports was a contract with Renault. For several years, Carlos Alberto de Oliveira Andrade sold Renault vehicles throughout Brazil, becoming one of his companies top important. This changed when Renault backed out of their deal several years later, but it was certainly not a problem for Carlos Alberto de Oliveira Andrade. Renault instead dropped several places on the market after trying to go it alone, allowing CAOA to climb even higher. Carlos Alberto de Oliveira Andrade was able to build relationships with Hyundai and Subaru not too long after, allowing him to dramatically increase sales annually with the Hyundai Tuscan being their most popular automobile.