Prices of cars double in Argentina in just 2 years

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The Association of Automotive Dealerships in Argentina (ACARA) reported that their survey shows that the amount of money needed to buy a car has almost doubled, projecting an increase of 80% over 2018 prices by the end of 2021.

ACARA says inflation, wage delays, and rising prices for new cars make it difficult for car buyers in the country. A comparable VW costs 30% more in Argentina than it does in next-door Brazil.

By Milan Sime Martinic