Latin America Autos Views

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GM Write Down On Currency Weakness

US-based General Motors Company (GM) is to take a charge of some USD400mn from its operations in Venezuela on the back of changes in how it values the currency. BMI is increasingly bearish on the...

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Autos Financing Set To Wane Further

According to data from Argentina's Association of Financial Companies for Automotive Brands (AFIMA), vehicle financing declined 4.2% y-o-y in the first two months of 2014, with some 65,517 units...

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Truck Sales Plummet After False Start

Heavy truck sales in Mexico declined 40.5% year-on-year (y-o-y) in January 2014, to 671 units. Manufacturing and construction activity in January came in below expectations. BMI believes that this,...

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