The Mexican auto industry continued to grow in 2002 even though the global economy continued to slump, retail trends were erratic and gaps remained in the domestic supplier network. Led by low interest rates and reasonable inflation, sales of new cars and light trucks hit 975,780 units, up from the 912,407 vehicles delivered in 2001, according to Ward's data. "The auto sector there is holding up fairly well, despite the fact the economy is soft," said Arturo Elias, president-General ...

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