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MercoPress, en Español

Montevideo, November 25th 2024 - 07:16 UTC

Tag: Dante Alvarez ACARA

  • Thursday, March 5th 2015 - 07:25 UTC

    Car sales in Argentina plunge; worst February since 2009

    The drop in the auto industry began after a combination of higher taxes on cars and a devaluation of the peso hit the purchasing power of potential car-buyers

    The second month of the year marked another negative result for auto sales in Argentina, which dropped 28% compared to February last year, showing how the sector’s downward trend appears to have no end in sight. Only 41,998 vehicles were sold last month, according to the ACARA Argentine car dealership association, the lowest figure for the month since 2009.