Industry / Chile
Chileans Opt For Luxury Vehicles
July 2006 | Industry NewsChile's luxury car segment is experiencing something of a boom and the trend looks set to continue. The Chilean association of car manufacturers Anac notes that sales of cars priced at over US$15mn - the accepted bar for qualifying as a luxury vehicle - account for 9.8% of the total market. The figure represents growth of around 30%, well above the sector average. Sales have fallen in the largest commercial segment meanwhile, which comprises vehicles priced up to
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