Article: DOMESTIC SALES OF MOTOR VEHICLES REMAIN DEPRESSED IN JANUARY

According to the automotive industry association (Asociacion Mexicana de la Industria Automotriz, AMIA), sales of cars and trucks remained extremely depressed during January, still reflecting the impact of the economic crisis that followed the devaluation of the peso in late 1994.

In a report released in late February, the AMIA said domestic sales of cars and trucks during January of this year barely surpassed 19,700 units, a decline of 23% compared with January 1994. Of the total, sales of passenger automobiles dropped 27% from January of last year to about 12,000 units, while sales of trucks and other commercial vehicles declined by 14% to just over 7,000 units.

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