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Mexico Auto Sales Climb to Highest in Six Years as Lending Grows

Annual auto sales in Mexico rose to the highest level since 2007 as car financing expanded and the economy grew for the fourth straight year.

Buyers in Mexico pushed purchases up 7.7 percent last year to 1.06 million vehicles, a trade group representing auto dealers said today in Mexico City. Last month’s 119,364 new-car purchases were the most for any month since December 2007.