Brazil Q1 Sales Drop for First Time Since 2003
Executive Summary
The 5-year, no-down-payment loans that spurred sales in recent years have “practically disappeared,” and a 30% tax hike on imports also has hurt the market, an industry group says.
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The 5-year, no-down-payment loans that spurred sales in recent years have “practically disappeared,” and a 30% tax hike on imports also has hurt the market, an industry group says.
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