News from the ACARA auto chamber of commerce in Argentina today is that new car sales had a record for the March month. The first quarter of 2010 has also set a new all-time record.
This is strong news on the consumer front for the country. For sure the inflationary spiral helps people unbutton their purses perhaps more quickly than they would normally, but there's no denying that people have money to spend down there. With GDP numbers also bouncing up in very much the same way as the rest of the region, reports of Argentina's economic implosion are greatly exaggerated...for a couple of years, anyway.