Carlos Alberto de Oliveira Andrade is a well-known businessman and car dealership owner throughout Brazil that founded the CAOA group in 1979. Originally, Carlos Alberto de Oliveira Andrade was a doctor and he wasn’t in the automotive industry at all. The inspiration for the car dealership came when he ended up crossing paths with a dealership that happened to go bankrupt after they sold him a car. Carlos Alberto de Oliveira Andrade decided to offer them a deal and he took up ownership of the company and spent the next six years working to revive the dealership.
One of the things that were holding the company back was the ban on selling foreign vehicles that are important. This law was changed in 1992, which allowed Carlos Alberto de Oliveira Andrade to start making new partnerships with car manufacturers from outside the nation. The first company that Carlos Alberto de Oliveira Andrade went into business with was Renault. This partnership allowed for huge sales at both company’s and marked a new trend for the CAOA group. By 1998 and 1999, Carlos Alberto de Oliveira Andrade had made new partnerships with Subaru and Hyundai, two leading car manufacturers around the world. Within just a year of selling Subaru vehicles, sales tripled for the company.
Hyundai has gone on to present Carlos Alberto de Oliveira Andrade with the Best Distributor of the Year award. This award has never before been given to an individual, not of European descent, which is a distinct achievement for Carlos Alberto de Oliveira Andrade. This award is one of many that he has achieved for his efforts in business and entrepreneurship. He also took home the Entrepreneur of the Year Award from Dinheiro Magazine. Not only is Carlos Alberto de Oliveira Andrade the founder of the company, but he maintains a position on the board of directors to oversee company operations throughout the nation.