The business of selling cars in Argentina contracted 36.6% in the last 12 months as the South American country faces considerably high prices in US dollars coupled with rampant inflation and unemployment. In 2024 Argentina, the less expensive car models sell for no less than the equivalent of US$ 20,000. The market is not validating these prices despite the dealers’ efforts to offer credit lines and discounts.
March 28, 2024
SOURCE: MERCOPRESS
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https://en.mercopress.com/2024/03/28/car-sales-plummet-in-argentina