The vehicle sales In Argentina it is having a difficult start. Operations with 0 km cars are very slow, due to price increases resulting from the devaluation and the expectant position of consumers regarding the new government’s measures.
Added to the situation of the sale of new vehicles is that of used vehicles, which, although it closed 2023 with positive numbers, the sector continued to show a slowdown at the end of the year and reflects a stagnation at the start of 2024.
This reality is affected by an unprecedented fact that is currently being experienced: even though different cameras publish their estimation values, today there are no reference prices in the market.
According to the numbers published by the Automotive Chamber of Commerce (CCA), during the month of In December, 122,024 used vehicles were sold in Argentinawhich represents an increase of 5.6% compared to the same month in 2022 (at that time 116,147 operations were registered).
On the other hand, if the comparison is made with November, when 132,314 transactions had been made, there is a drop of almost 8%. This fall is added to those that the sector had been showing in the last months of this year.
In all of 2023, a total of 1,654,395 used vehicleswhich ultimately represents an increase of 5.3% compared to 2022, in which 1,570,784 units were sold.
“There are no price references”
From the CCA they recognized the positive numbers with which it closed last year: “2023 ended with a growth in the sale of used cars of 5.6% compared to 2022. The volume of 1,654,395 units sold is not a minor figure. in a very complicated economic and social context,” said the president of the entity, Alberto Príncipe.
However, he warned that “2024 began with very few sales and with a fact that further complicates the market: It is the first time in years that there is no reference to the price of the units“.
The Toyota Hilux was the best-selling used pickup last year.Príncipe considers that “there is a stopped market, both 0 km and used, that is waiting for signs to begin to outline the path that will lead to normality.” And he announced that “our sector is going to go through a very hard year, we will have to use all our ingenuity built through our history in the country, to face the moments that we will have to face.”
In addition, the head of the CCA predicted what will be the key period for the sector: “The first semester will be crucial for our expectations throughout the year.”
The 10 best-selling used cars of December
Volkswagen Gol y Gol Trend: 7.587
Chevrolet Corsa y Classic: 4.325
The 10 best-selling used cars in 2023
Volkswagen Gol y Gol Trend: 101.714
Chevrolet Corsa y Classic: 56.995
Volkswagen Amarok: 33.535