After the worst start in the last 20 years and a worrying first half of the year, the automotive market has recovered its vital signs in the second half of the year.
The clear growth of recent months managed to reverse a gloomy forecast of 380,000 total patents by 2024 and now a figure above the expectations is expected. 410,000 units.
October sales were the best so far this year. The report from the Association of Automotive Dealers of the Argentine Republic (ACARA) indicates that last month there were 44,126 patentswhich represents a year-on-year increase of 5.2% taking into account that in 2023 41,941 units had been registered.
Likewise, the increase compared to September was 1%since in that month 43,680 patents were registered.
Despite this recovery, the accumulated patents from January-October (355,886 units) are a 9.9% below from the same period in 2023, in which 394,942 vehicles had been registered.
“For the third consecutive month we continue with monthly and interannual growth, with an October that remained above 44,000 patents and that is good news because it consolidates a good second half after a very worrying first half,” declared Sebastián Beato, president from ACARA.
“We are certain that we are going to have more than 410,000 units, something that back in March seemed unthinkable. The causes are still several, the issue of money laundering has been added, but mainly the return, already with multiple options, of financing. This is added to an increasingly wide range of models in stock, a sustained drop in inflation and more logical prices,” he concluded.
A head to head closure
For the sixth consecutive month Toyota Hilux It was the most patented model and the race between the best-selling vehicles on the market is red hot. The Peugeot 208 – which was second in October – continues at the top of the general ranking although the distance is shortening.
The medium pickup manufactured in Zárate sold 2,967 units last month and has a total of 24,895 patented examples in 2024, about a thousand less than the national compact (25,901) which reached 2,483 patents in October.
He Fiat Cronosthe best-selling model in the country between 2021 and 2023, climbed back onto the podium (2,473 units) after having fallen to sixth place in September and keeps its hopes alive of retaining the crown for the fourth consecutive year.
The compact sedan manufactured in Córdoba is second overall (25,467), less than 500 units behind the 208.
Regarding brands, Toyota was once again the brand that sold (with four models within the Top 10). The Japanese automaker registered 8,883 operations and adds 72,905 sales in 2024 (with a market share of 21.4%), a figure unattainable for Volkswagen which second in October and chases it from a distance (55,398 units).
For its part, Fiatled by Cronos, closed the podium with 5,621 patents, maintaining the third overall position with 41,662 patented vehicles.
These were the 10 best-selling models of October:
- Toyota Hilux: 2.967
- Peugeot 208: 2.483
- Fiat Cronos: 2.473
- Toyota Yaris: 2.291
- Volkswagen Amarok: 2.247
- Volkswagen Polo: 2.061
- Ford Ranger: 1.930
- Toyota Corolla Cross: 1.777
- Volkswagen Taos: 1.199
- Toyota Corolla: 1.077
