--With half of Brazil's population, Mexico has one-fourth of its sales
--Brazil pays premium for new cars; Mexico imports U.S. clunkers
MEXICO CITY (Dow Jones)--Brazilians are buying twice as many new cars as their Mexican counterparts even if it means paying nearly double the price, and part of the reason comes from Mexico's mixed blessing of sharing a border with the U.S.
New cars in Mexico are relatively inexpensive compared with Brazil. The list price for an equipped subcompact in Mexico is around $15,000, but brushes up closer to $30,000 in Brazil, ...
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