Prolonged Slowdown For Auto Industry

New car sales in Argentina increased by 9% month-on-month (m-o-m) to 43,802 units in June, according to estimates from the Asociacion de Concesionarios de Automotores (Acara). The association sees the rebound as a marked recovery in sales, which it believes had been adversely affected by the uncertainty around the country's mid-term elections.

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