Conditional population of a list - possible or not...

The idea that I want to achieve is the following:

In cell B1 you select a brand from a list - in cell B3 you will only get the product types of the selected brand available in the list to choose from.

Brand List:
AAA
BBB

Product Type List:
AAA model 1
AAA model 2
BBB first
BBB second

So when you select BBB in cell A1 you should only be able to select "first" or "second" from a list.

Is this possible? If so, how? I seem to search for the incorrect keywords or I'm thinking into the wrong direction for a solution.

Cheers for your help in advance!