Dr. Carlos Alberto de Oliveira Andrade, a Brazilian native, was born and raised in Joao Pessoa. Although a doctor by profession, Dr.Carlos has most of his life documented in the motor industry. Currently, he heads CAOA’s Board of Directors as chairman.
His life changed from holding a career in medicine to becoming one of Brazil’s well-known entrepreneurs. Carlos Alberto de Oliveira Andrade had no idea he would end up in the motor industry until one fine day after ordering for his Ford Landau; he received news that the dealership in question had gone bankrupt. He quickly jumped at the opportunity and brought an agreement to the table that the bankrupt dealership is passed to his name to pay up for the already paid car he had previously ordered. CAOA was born.
CAOA can be traced from Carlos Alberto de Oliveira Andrade’s initials. With this newly founded company, Dr. Carlos veered off from his previous career and became a full-time participant at CAOA. A few years later CAOA would grow to become Brazil’s largest motor dealership firm.
Brazil opened its doors to allow for vehicle importation in 1992. CAOA acted fast and was given the rights to be an exclusive importer of Renault vehicles. In return, Dr. Carlos employed strategies that saw Renault record the largest sales in the imported sector. Six years later, CAOA won the right to become Subaru’s official importer and also took over the dealership grounds to elevate the Subaru sales thrice as much as they sold initially.
In 1999, with all the successful records under Dr. Carlos, the manufacturing company of Hyundai trusted CAOA with marketing Hyundai models in the Brazilian markets. Following this agreement, CAOA made Hyundai a market leader with most of the Tucson models running the show. Carlos Alberto de Oliveira Andrade continued to hold the relationship between CAOA and Hyundai for years until 2007 when the latter decided to grant him the pass to build his own auto manufacturing company. Dr. Carlos invested around $ 600 million into the factory located in Agribusiness District of Annapolis and was named CAOA Automobile S/A. The entrepreneur has earned immense recognition having won the title “Entrepreneur of the year” in the year 2007.
Visit their website: https://caoa.com.br/historia