In 2022, car prices rose more than the blue dollar

2023-05-16 18:46:00

Different chambers of the automotive sector establish a positive balance in the automotive trade, either through the new patents as well also used car trade.

According to data from the Automotive Dealers Association of the Argentine Republic (ACARA) in what was last year were patented a total of 407,532 shots. This refers exclusively to new units and implies 26,096 more vehicles than the 381,436 in 2021, a 7% increase.

Fiat Cronos: the most commercialized in the country

The brand Fiat holds first place in the ranking of light units, that is, automobiles and commercials patented in 2022, with the model Chronos. were sold 38,769 units and went from costing $1,979,400 to $3,500,800 pesos at the current price, the information comes from a report made by the accountant Melissa Murialdo y Bruno Zamparo.the Association of Automotive Dealers of the Argentine Republic (ACARA), SIOMAA, Simulador Plan de Ahorros and the Automotive Chamber of Commerce.

Due to inflation, the Government is preparing to issue new $5,000 and $10,000 bills

The different companies each time put more spotlights in this form of sale, to the point that all brands establish their savings plan section. although all establish different benefitsthey always guard certain coincidences.

According to SIOMAAthe ranking of the five best-selling models in the country in 2022 is the following:

  • 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 an increase of 84% 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 had 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.

Car prices rose more than the blue dollar

According to the official lists of the most accessible versions of the best-selling models in the countrythe average price increase was one 75% in the year; this value is below the inflation rate for 2022, which ended very close to 100% per year; but it was higher than the growth of the Blue dollar, which began 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.

Infographic: Murialdo and Zamparo.

Restrictive policies and the international market in a waning state, are some of the strongest impediments to access to 0 kilometer. Faced with this, the alternative most chosen by Argentines is the “National Car Plan” or commonly called Autoplanthat although it is volatile, it can beat inflation, either with the sale of the same utility or with the sale of the plan itself.

Savings plans and their impact favored the automotive market, since this form of sale has 30% of the total automotive market. Pledge units are already a common way to access a new car.

The savings plans and their impact favored the automotive market, since, this form of sale has 30% of the total automotive market. Pledge units are already a common way to access a new car.

Why have car prices increased so much?

One of the drawbacks more marked when accessing a car it was the exchange uncertainty, the volatility of the currency; to which was added the lack of units that made the car started up, and already 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% at its final value.

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The demand for the vehicles was also a necessary participant in the indiscriminate increases. The very laws of the market that, the higher the demand, the higher the price, went from theory to practice. Due to the shortage dealers delayed deliverieswhich is why the price of the shots increased.

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, which following his latest statements exempted withholding payments to the automotive sector. Through this measure, it might cause a decrease in the value of the units and increase the number of workers in the sectorwhich would lead to greater production and speed in the domestic sector.

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