Dr. Carlos Alberto de Oliveira Andrade is an entrepreneur, founder, and current president of CAOA, a well-known business in North Brazil. The company started off its operation in 1979 as an automotive dealing company. Mr. Alberto proposed the resale of the concessionaire’s company of Landau, and he then started CAOA and started as the Ford dealer. Within five years, he became the leading Ford dealer from America.
Brazil allowed importation of vehicles in 1992, and this was the opportunity that CAOA took and became the official leading importer of Renault vehicles to the country. Within three years, CAOA pushed sales, and Renault became the top brand in the import sales and the fifth in the general market. Later on, Renault came to Brazil and took over the importation rights; this pushed them to a distant ninth position in sales within one year.
CAOA took over the importation rights of Subaru in 1998; the sales tripled In a few months after taking over from another importer. In a post from Grandes Profissionais Gestao de Palestrantes, it says that increased sales made them take the importation of Hyundai model which was already being distributed by other companies, and they became the leading in the market. In 2006, the growth of CIAO continued as they became the leading distributor Ford motors in Latin America together with winning the exclusive distribution rights of Hyundai and Subaru brands all around the country.
CAOA opened its first Hyundai factory in Brazil in a strategic geographic position. Dr. Carlos Alberto de Oliveira Andrade dream of starting his factory came to fruition and in turn, won the ‘Entrepreneur of the Year Awards’ by the Dinheiro Magazine. The factory Annapolis was recognized in 2010 by the renowned magazine as the ‘company of the Well,’ a program.
Dr. Carlos Alberto de Oliveira Andrade’s company did well as it was the most admired company for three consecutive years and he also won the ‘distributor of the year’ title among 179 other distributors. In 2012, the CAOA started selling the HB20 model, produced in Hyundai Brazil plant notwithstanding the importation of Veloster, Genesis, i30, i30cw and the line of trucks; HD78 and HR produced in Annapolis. On May 2014, the Annapolis firm reached the 10 thousand Hyundai ix35 production mark; this is a reason Dr. Carlos Alberto de Oliveira Andrade and all CAOA employees feel proud.