Trade Agreements Boost Autos Sector Prospects

Argentina has managed to overtake Mexico in BMI's Risk-Reward Ratings for the autos industry in the Americas this quarter, primarily on the back of continued robust demand from Brazil and equally impressive domestic vehicle sales. Argentina's autos association Adefa estimates that a 22.3% year-on-year (y-o-y) rise in vehicle exports during the first nine months of 2011 led to 23.2% y-o-y growth in vehicle production in the period. The market shifted 28.5% more cars during the nine-month period while sales of commercial vehicle were up almost 41%.

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