COLOMBIA: Automotive market boost threatened by government plan
Author: Juan Vargas | 3 October 2011
The 42% growth in the Colombian new car market year to date and a forecast of over 300,000 units for the full year is making the government creative: due to the dense traffic jams in most principal cities, transportation vice minister Felipe Targa has said he is going to insert in the new National Transportation Code a rule to limit car sales by forcing buyers to obtain registration plates at auction.
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