Latin America Autos Q4 2018
We forecast growth of 3.3% in new vehicle sales in the Latin America region in 2018, coming in above the globalaverage of 2.0%. Ecuador will be the fastest growing vehicle sales market in the region, despite slowing economic growth andhigh base effects taking hold and causing growth to ease back. Sales in Latin America's second largest market, Mexico, will contractin 2018 owing to rising borrowing costs, high fuel prices and uncertainty caused by the renegotiation of the North America FreeTrade Agreement and the mid-2018 presidential election.
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