According to what was published by the Association of Automotive Dealers of the Argentine Republic (ACARA), last year a total of 407,532 vehicles were patented. This figure refers exclusively to new units and implies 26,096 more vehicles than the 381,436 in 2021; that is, they were sold 7% more vehicles than the previous year.
The best-selling model in the country in the ranking of light units – automobiles and commercials – was Fiat Cronos. 38,769 units were sold and it went from being worth $1,979,400 to $3,500,800 at current price.
Different companies increasingly focus on this form of sale, to the point that all brands establish their savings plan section. Although they all establish different benefits, they always protect certain coincidences.
According SIOM (Online Automotive Market Information System), the ranking of the best-selling models in the country in 2022 is as follows:
- Fiat Cronos: 38,769 units sold with an increase of 77% is the preferred car of Argentines. It went from being worth $1,979,400 to $3,500,800.
- Peugeot 208: 25,649 total units. with a rise of 84% it is the second most purchased car. It went from being worth $2,209,600 to $4,067,700.
- Toyota Hilux: the increase was around 75% and came to be worth $5,927,000. Even leaving aside the $3,380,000, the pick up made a number of 24,628 units sold
- Volkswagen Amarok: with an 81% increase, it went from being worth $4,264,900 pesos to $7,731,800. There were a total of 21,249 units sold.
- Toyota Etios: 18,141 were the units sold in what was from 2021 to 2022. It started last year with the price of $1,816,000 and closed its value at $3,074,000. This equates to a difference of $1,258,000 almost a 70 percent increase.
- Chrevrolet Cruze: with 15,221 units sold and went from being worth $3,007,800 to $4,700,900
- Toyota Yaris: 14,316 units sold, its price increase was marked by 64%. For the same, it went from being worth $2,347,000 to $3,859,000
- Renault Kangoo: 14,155 units sold. It went from being worth $2,879,100 to $4,792,600.
- Ford Ranger: 13,189 units with an 84% increase that is reflected in its jump from $3,492,000 to $6,413.00
- Toyota Corolla Cross: it ranks last and went from 3,502,000 to 6,587,000, that is, it suffered from up from 88%. It had 12,690 vehicles sold.
Of the Best sellers, the one that ends the year with the highest value is the Amarok Trendline ($7.7 million); while Toyota’s Corolla Cross was the one with the highest increase (88%) compared to 2021.
These values do not include premiums, a variable that was present throughout last year at dealerships.
Cars rose more than the blue dollar
Cross-checking and analyzing the data provided by the Automotive Dealers Association of the Argentine Republic (ACARA), the Auto Test Price List (CCA), the Savings Plan Simulator, SIOMAA and the Automotive Chamber of Commerce (CCA), it can be concluded that the average price increase was 75% in the year.
That 75% increase is by below inflation of 2022 that is close to 100% per year, but it was higher than the growth of the Blue dollar, which began in 2022 at $206 and ended the year with a value of $346, implying a variation of 68%.
In this way, it is a great form of investment since the commercialization of this type of goods takes into account the informal dollar.
Restrictive policies and the international market in a dwindling state are some of the strongest impediments to accessing 0 kilometer. Faced with this, the alternative most chosen by Argentines is the “National Car Plan” or commonly known as Autoplan, which, although it is volatile, can beat inflation, either with the sale of the same utility or with the sale of the plan itself.
Los savings plans and its impact were favorable to the automotive market, since this form of sale has 30% of the total automotive market. The pledge units they are already a common way to access the new car.
blue dollar and cars
Why have car prices increased so much? One of the most marked inconveniences when accessing a car was the exchange rate uncertainty, the volatility of the currency; to which was added the lack of units that made the car started up and ready to circulate increase its value.
The measure of the National Government to reduce the number of imports had a direct impact on the delivery and value of the units. The cars that at the beginning of the year were the most accessible achieved up to an increase of more than 70% in their final value.
The demand for vehicles was also a necessary participant in the indiscriminate increases. The market laws themselves (the higher the demand, the higher the price) went from theory to practice.
Due to the shortage, dealers delayed deliveries, which is why they increased the price of the vehicles.
Although the increase in value reaches up to 88% in some models, this might be reversed by the provisions of the Minister of Economy, Sergio Massa, who following his latest statements exempted the automotive sector from withholding payments.
Through this measure, a decrease in the value of the units might occur and the number of workers in the sector would increase, which would lead to greater production and speed in the internal sector.
*Public Accountant
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