Automobile sales in Latin America fell in May for the first time in thirteen months as a drop in sales in Brazil and Chile countered rising demand in Mexico and Argentina.Total automobile sales of 390,200 in May fell by 3pc from year-earlier levels, combined data from eight regional automobile associations showed.The last time auto sales fell was in April 2022.Auto sales fell amid a 6pc drop in sales in Brazil and a 32pc fall in sales in Chile. Sales rose by 14pc in Argentina and by 23pc in Mexico, cushioning the slowdown.Strong automobile sales in Latin America over the past year coincided with rising lubricants consumption in the region..Latam’s Q3 lube demand likely to fall.Contact us for more information about the data for these stories
Automobile sales in Latin America fell in May for the first time in thirteen months as a drop in sales in Brazil and Chile countered rising demand in Mexico and Argentina.Total automobile sales of 390,200 in May fell by 3pc from year-earlier levels, combined data from eight regional automobile associations showed.The last time auto sales fell was in April 2022.Auto sales fell amid a 6pc drop in sales in Brazil and a 32pc fall in sales in Chile. Sales rose by 14pc in Argentina and by 23pc in Mexico, cushioning the slowdown.Strong automobile sales in Latin America over the past year coincided with rising lubricants consumption in the region..Latam’s Q3 lube demand likely to fall.Contact us for more information about the data for these stories
