Car sales drop

[NewsWhore]

The Association of Vehicle Producer Concessionaires has announced that new car sales dipped by 29% in 2008 and forecasts a similar trend for 2009. Acofave indicates that if lucky, vendors will sell 12,000 new vehicles, at most. Acofave director Enrique Fernandez said this could be similar to 2003, which was the worst year for car sales in recent history. Fernandez said that macroeconomic measures and an increase in bank interest rates have adversely affected car sales. Fernandez is asking the Central Bank to lower the 18% rate on their bonds, while calling for a review of vehicle importation laws and a review of transport taxes paid for the right to drive a vehicle.

More... (http://www.dr1.com/index.html#6)