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26 Apr 2023 | Latin America | Market Outlook
LATAM Automotive Growth Outlook 2023
Future Growth Potential of the Automotive Industry in 2023 after Recovery During 2022
The Latin American automotive industry continues to grow, despite COVID-19, scarcity of resources and auto parts, the Russo-Ukrainian War, inflation, and exchange rates affecting vehicles’ availability and prices. With 4.4 million units sold and a slow recovery from the pandemic, Latin American automotive expanded by 2.7% in 2022. Ecuador show...
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