Movida absorbed experience and know-how from SIMPAR, combined with best practices in Corporate Governance.
- #1 buyer of heavy vehicles in the country;
- #2 buyer of light vehicles in the country;
- Ample view of the Brazilian economy;
- Strong and long term relationships with automakers;
- Significant expertise and market knowledge to develop vehicle procurement; and
- Expertise in logistics to allocate cars within stores network, optimizing operations.
- Procurement: Movida benefits from SIMPAR relationship with all Brazilian automakers;
- Market Intelligence: SIMPAR is at the forefront of used car vehicles trends (dealership network since 1995); and
- Access to Credit.
- Novo Mercado listing segment;
- Related parties:
- 100% arm’s length transactions;
- Related parties policies;
- Contracts:
- Commercial agreement for asset procurement and sale; and
- Infrastructure sharing.
- Non-competing – independent board members vote on related party transactions.
