Macroeconomy/Finance

The price of cars rose up to 80% in 2019

In 2019, the prices of the best-selling models increased between 60% and 80% but, in the last four years, the increase reaches 400% in some cases. In the same four-year period, accumulated inflation is around 160% while the exchange rate grew 541%. In other words, car prices rose significantly more than inflation but less than the dollar. The largest increase occurred in the last two years, following the strong devaluation that began in April 2018.

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Source: Ámbito

Categories: Macroeconomy/Finance