Credit Tightness To Worsen Autos Recovery

The number of vehicles financed by credit in Mexico during 2010 fell nearly 34% compared with 2008 and a further 1.5% compared with 2009 level, according to the country's automotive distributors association. This confirms BMI's view that although consumer confidence has made a significant rebound in Mexico, the level of credit is nowhere close to pre-crisis levels.

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