The used car sales In Argentina, it is the first in the sector to show promising numbers so far this year, while the registration of 0 km vehicles continues to lag behind last year, despite the promotions and bonuses applied by automotive companies.
During May they were marketed in the country 150,964 used vehicles, which represents an increase of 6.2% compared to the same month of 2023 (142,181 units). It is the first time this year that in the year-on-year comparison the 2024 volume is higher than last year.
But if the comparison is even made with April (136,230 vehicles), the growth reaches 10.8%, as reported by the Automotive Chamber of Commerce (CCA).
In this way, in the first 5 months of the year, 615,516 unitswhich still reflects a drop of 7.3% compared to the same period in 2023 (663,831 units).
In these 5 months, the provinces that suffered the greatest decrease were La Rioja (26.1%), Formosa (25.1%) and Jujuy (24.6%). While those that fell the least were CABA (3.2%) and Mendoza (3.1%).
Financing and price reduction
“May has been the best month for used car sales so far this year,” celebrated Alejandro Lamas, secretary of the CCA. The manager found in “the abrupt falling financing rates by the banks, together with the rearrangement of values towards the fall”, as important factors that contributed strongly to “invigorating the sector during the last month.”
Lamas highlighted that “we also have to mention the widening of the exchange gap that occurred since the middle of the month as a moment of opportunity to carry out purchase operations.”
Furthermore, he stressed that “locals throughout the country Today they have a significant stock of cars unlike previous months where products were missing. “There is an interesting offer of vehicles from different segments.”
Finally, he mentioned that “we hope that this volume sold in May will be maintained in June and we can aim for an auspicious second semester.”
The 10 best-selling used cars of May
- Volkswagen Gol y Gol Trend: 8.261
- Toyota Hilux: 6.100
- Chevrolet Corsa y Classic: 4.504
- Volkswagen Amarok: 3.814
- Ford Ranger: 3.732
- Renault Clio: 3.478
- Toyota Corolla: 3.274
- Ford Fiesta: 3.188
- Ford Focus: 2.968
- Peugeot 208: 2.895