Favourable Regulations And Economic Factors Set The Stage For Strong Vehicle Growth

Sustained double-digit growth in Peruvian new car sales during the first three quarters of 2011 has prompted BMI to revise its 2011 sales growth forecast upwards from 14% to 20% year-on-year (y-o-y). We have similarly revised our outlook for demand in 2012 upwards, although we are limiting our forecast to a more modest 10% growth.

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