Argentine market continues to fall with June sales down 40.0%, exports 19.2%, and production 19.2%

With June 2014 sales of 53,131 units, exports of 34,418 units, and production of 50,904 units, Argentina's market continues to be affected by a tax structure introduced in the beginning of 2014, a reduction in exports to Brazil, and production declines following sales and export contractions.

Argentina's automotive industry continues to experience the steep decline that began at the beginning of this year and has been compounded by the continuing peso devaluation. Wholesale vehicle