Like New: Argentina Used Car Sales Soaring

Patrick Archer competitiveness, lifestyle

Sales of used cars in Argentina have been on fire this year, as locals continue to look for low-mileage, four-wheel hedges against inflation. According to the Automotive Sales Chamber, 138,707 used cars were purchased in March in Argentina, up 5.4% over the 131,633 sold in March of 2010. With the addition of March sales figures, Argentine dealers sold 422,951 used …

Porsche Argentina Will Trade Carreras for Cabernet Franc

Patrick Archer foreign investment, lifestyle, wine & vineyards

As we’ve seen in recent spats with Brazil and China, Argentina’s trade balance can be a sensitive issue for the Casa Rosada. But the backlash moved beyond BRIC-landia when the Ministry of Interior Trade decided to go after luxury automakers who ship high-end cars to Argentina without buying anything in return. And while several U.S., European and Asian countries export …