New car sales in Brazil pick up

China Daily (Hong Kong) - - BUSINESS -

In­ter­na­tional Trade and In­vest­ment Agency re­leased its lat­est “Map of Ex­ports in Ar­gentina”, show­ing ex­ports amounted to $22.871 bil­lion from Jan­uary to May, a 1.4-per­cent in­crease yearon-year. Ac­cord­ing to the re­port, ex­port prices rose 9.3 per­cent, while vol­umes de­creased 7.3 per­cent. The 174 ex­port des­ti­na­tions in­cluded two new mar­kets, in keep­ing with the coun­try’s goal of di­ver­si­fy­ing its ex­port mar­kets. A to­tal of 7,157 Ar­gen­tine com­pa­nies ex­ported prod­ucts over the pe­riod. told jour­nal­ists in Nairobi. In this new ar­range­ment, the Zam­bian gov­ern­ment re­moved a 10 per­cent ad­di­tional tax on maize ex­ported to Kenya. New car sales in Brazil rose 3.65 per­cent in the first half of the year com­pared to the same pe­riod of 2016, show­ing pos­i­tive growth for the first time since 2013, in­dus­try fig­ures showed on Tues­day. The Na­tional Fed­er­a­tion of Au­to­mo­tive Ve­hi­cle Dis­tri­bu­tion re­ported 1,019,400 new cars and light pas­sen­ger ve­hi­cles were sold from Jan­uary to June, com­pared to 983,495 units in the first half of the pre­vi­ous year. Sales of heavy ve­hi­cles, such as trucks, dipped 13.8 per­cent over the same pe­riod of last year, pick­ing up slightly to­wards the end of the six months. Car deal­ers ex­pect to sell a to­tal of 2,129,165 ve­hi­cles in 2017, for a 3.8-per­cent in­crease year-on-year, af­ter four years of fall­ing auto sales.

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