RIO DE JANEIRO, BRAZIL - In January this year, the Latin American automotive market recorded a 9.2% drop in sales compared to the same month in 2021, due in large part to declining sales in the countries with the largest vehicle sales in the region, particularly Brazil and Argentina.
This is the finding of a report by the Association of Automotive Companies of Ecuador (AEADE) on the regional automotive market, released Friday, which includes data from ten automotive markets in ten Latin American countries: Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay and Venezuela.
According to the study, Brazil . . .