How will it affect the price of cars?

2023-08-15 22:23:19

The devaluation of the peso registered this Monday and decided by the Government following the choices STEP last Sunday, fully impacted the price of various productsamong them, in the the tires, already affected in the last time by the shortages.

This is confirmed by the latest reports from the six major tire manufacturers in the Argentine market, who announced early yesterday that billing was suspended.until the panorama is clarified and a new price list is defined«.

Despite the fact that the covers, in most cases, are of national origin, the raw material for their manufacture is importedso the 22% increase in the official dollar moved quickly in the cost of products.

One of the first firms to give notice of the increases was Fatewhich this Monday reported a 20% rise in its tires and for companies that buy rubber for other industries such as conveyor belts or cargo and passenger transport bellows.

For his part, Bridgestone confirmed that although the points of sale continue to be supplied by delivering the orders that had been received before this week, they are made without price reference. “The problem is with us, those of us who sell to people, because we don’t know what price to put“said a source in the sector consulted by Noticias Argentinas.

«They immediately increased us by 22% and there is no credit, large suppliers take your financing and increase the price» commented a tire seller, regarding the latest increases unleashed by the devaluation of the official exchange rate.


Tires rose up to 25% following the devaluation: concern in the automotive industry


Over the next few days, it is also expected that the increase in the covers talso impact on the price of cars, as well as other inputs necessary for jobs in the automotive industry.

“Cars have tires, so, if the tires increase, the cars will increase proportionally. And this will happen with so many other products, such as batteries, lights, lubricants, brakes, filters…”, they reported from the dealerships.


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