2023-05-07 07:01:35
Activity in real estate and concessionaires is also affected by the economic crisis and exchange rate volatility.
Although car registration rose 7.7% in April compared to the same month in 2022, the procedures fell if this data is compared with the numbers for March this year, according to the Association of Automotive Dealers (Acara).
The high costs are an opportunity for those who have more money, but push those who are not so sure of investing towards the option of not buying or waiting a while longer.
The impact of the crisis is not always negative. “Buying a car often ends up being a valuable safeguard,” Diego Parra, manager of a dealership, told PROFILE.
The rise in the dollar does not affect those who pay for a plan with fixed installments either, but it becomes more inaccessible when they vary “at auto value,” Parra continued. In the long run, he sums it up, “like any market, activity suffers.” Especially “with regard to following-sales and maintenance services”.
Another issue is the scarcity of imported products. “The drops in sales are due more to the restrictions on vehicle imports,” Florencia Escudero, manager of a dealership, told PROFILE.
Many times “the demand exceeds the quotas allowed to enter the country”, since, Escudero opined, “the purchase of vehicles continues to be safe compared to the acquisition of other goods or financial tools such as the fixed term”.
According to Parra, the crisis context “ends up pushing people who are not so determined not to buy”. Another of the affected sectors, and whose values are also measured in dollars, is real estate.
“Activity is paralyzed,” Carlos García, a public auctioneer, assured PROFILE. “This is undoubtedly due to the volatility of the dollar, which influences investor expectations.”
These expectations regarding the sale value and the purchase value also end up causing many owners to withdraw their properties from the market, “in the face of a panorama of uncertainty.” The sector was also affected by the increase in rents this month, as foreseen in the Rental Contracts Index calculated by the Central Bank.
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