This is the story of a medical doctor turned entrepreneur. It’s really about being in the right place at the right time and using your knowledge to take advantage of it. Imagine buying a product and after your initial payment the company files bankruptcy before you received your product. Now imagine that company signing over the business to you to pay you back for a product you paid for but never received. Ultimately you use your knowledge and hard work to make the business successful again.
That is precisely what happened to a medical doctor named Carlos Alberto de Oliveira Andrade. He purchased a car from a dealership in Campina Grande in Brazil. Before the car could be delivered the dealership went bankrupt and Dr. Carlos Alberto de Oliveira Andrade never received his car. The payoff for this incident was that the dealership would be signed over to the doctor, thus CAOA was born. Those letters were in reference to the doctor’s initials. CAOA became the largest dealership for Ford cars in Brazil.
After that Dr. Carlos Alberto de Oliveira Andrade’s company became the official, exclusive importer of the Renault. It’s segment also became the number one brand in sales. CAOA became the number one importer of other brands as well, such as South Korea’s Hyundai and the Subaru.
In 2007, Dr. Carlos Alberto de Oliveira Andrade opened his first factory branded CAOA Automobile S/A. It was located in located in the Agribusiness District of Anápolis, in the State of Goiás. He had successfully built the first Hyundai factory in Brazil.
In 2010, 2012 and 2014 the company was given many awards including the “Good doer Company” award, the “Distributor of the Year” award and recognition for the number one ranking sales and after sales by JD Power Institute.
Just one year ago, in 2017, CAOA (who is now the largest distributor in Latin America) partnered with Chery (the largest Chinese distributor) to create CAOA Chery, a new 100% Brazilian automaker.
To learn more about Dr. Carlos Alberto de Oliveira Andrade or CAOA please visit: