Argentina Automotive Industry Growth

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After experiencing a record 54 percent growth during 2004, the Argentine automotive industry grew by an impressive 23 percent in 2005. The increased output was mainly for export markets other than MERCOSUR. Export sales grew by 24 percent during the period and continue to be the driving force of the recovery. Additionally, sales in the domestic market have begun to recover and according to the Automotive Manufacturers’ Association (ADEFA) are expected to grow by ten percent during 2006.

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