Autos: pledge loans sank 12% in September

Autos: pledge loans sank 12% in September

Acara financing.PNG

He added that 63.2% of the garments were issued on cars 0KMwhich represented 36% of patenting while the rest were made on used vehicles, representing 5.3% of all transfers.

However, despite the marked drop suffered by garments -mainly over-used- they managed to maintain a higher level than the one accumulated for the first nine months of 2021 for 18,408 garments (+11%).

cars 0 kilometer

According to ACARA, during September 12,550 garments were registered, a figure close to that of the same month last year (+1.4%) and somewhat lower than that of last August (-9.8%).

In this context, they highlighted that the share of total transfers fell to 36% (a drop of 4 percentage points) and was below the annual average of 36.9%.

Likewise, they indicated that savings plans accounted for 55.3% of operations during the first 9 months of the year.

Used cars

After the amount of garments on used vehicles reached 6% of transfers during June, July and August, in September that figure returned to values ​​closer to the annual average (5.3%), the entity remarked.

He also stated that the year-on-year variation was -14.2%, although he stressed that “it is important to mention that September 2021 was the month with the most overused garments that year.”.

acara financing 2.PNG

Finally, ACARA highlighted that banks continue to gain space in this part of the market and went from having 39.8% of operations in 2021 to 55.1% for this year.

It should be remembered that the Association of Automotive Dealers of the Argentine Republic reported that the number of patented vehicles during September 2022 amounted to 34,563 units, which represents a year-on-year increase of 8.4%. If the comparison is monthly, a decrease of 9.9% is observed since last August 38,341 were patented.

In this way, in the nine accumulated months of the year, 321,511 units were registered, this is 4.7% more than in the same period of 2021, in which 307,180 vehicles had been registered.

Source: Ambito

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