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Car sales: Brazil sputters, Mexico revs up

Latin America’s two largest economies seem to be drifting further away as Mexico and Brazil’s car markets show significant contrasts in sales. Last month, Mexico reported more than 128,000 vehicles sold, a 13.2 percent increase compared with the same month last year, and a historic high for the month, said the Mexican auto distributors’ association, known as AMDA. Meanwhile, another reflection of Brazil’s economic woes is that vehicle sales plunged by 33.7 percent, compared with November 2014, according to the country’s auto dealers’ association, Fenabrave. Consumers in Mexico are benefitting from lower prices and easier credit options, a situation that […]
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