Most BRICS countries report contracting auto markets

With the exception of China and South Africa, the BRICS markets reported year-on-year sales declines in June. India's new vehicle market continued to slide, with sales lagging due to a sluggish economy and rising ownership costs. For Brazil, the problem has been rising inflation and high borrowing costs. These factors have Subscribe to Automotive World … Continued

• By Webmaster
• July 12, 2013