Argentina's Auto Industry Continued Its Boom In November

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articlenopicBy Taos Turner for The Wall Street Journal

BUENOS AIRES (Dow Jones)--Argentina's automotive industry continued to expand rapidly in November because of high domestic and foreign demand for local vehicles.

Vehicle production jumped 36% in November from a year earlier and rose 13.8% from the previous month, the Argentine Automobile Manufacturers Association, or Adefa, reported Friday.

Adefa President Anibal Borderes said he expects the industry to continue to expand next year, though at a lower rate of growth.

"We estimate that production and exports will grow at around 10% to 12% while we expect the domestic market to grow at around 5% to 6%," Borderes said in a statement.

Year-on-year output is up partly because..Read full article


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