01/16/2018 Reuters MEXICO CITY (Reuters) - Car dealerships in Mexico City have kicked off the new year offering “clearance sales” and free insurance as 2017 models collect dust on their lots, a reminder that consumer nerves over high interest rates could slow the economy ahead of elections. The first drop in auto sales in eight years is the most visible sign the great Mexican shopper, the heart and soul of Latin America’s second largest economy, is feeling the pinch of inflation at a 16-1/2-year high and a battered peso. Read more...
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