The automotive market is tough. Patent data for June showed a 25.5% drop compared to the same month in 2023. However, in recent weeks there have been signs that sales have reached a plateau.
This slowdown in the fall is being achieved with discounts and with the greater participation of financed sales,
According to ACARA data, more 0km units were financed in May than a year ago, but with a 20% drop in the market. This led to an increase in the share of financed transactions – between savings plans and bank loans or from the terminals themselves – of 8 percentage points in one year.
As for discounts, with a few exceptions, 0km cars are being sold with discounts on list prices of between 5% and 10%, in the lower ranges.
It is true that official rates have become very high, but today almost nobody pays them. Everything is negotiated. In the high and low segments. Only in some cases, overprices remain.
In June, the car with the lowest price, according to the official list, was the Toyota Yaris XSIt cost $19,326,000 and was sold at that price. It is difficult to get any discount because it is a very popular model.
He Fiat Cronos It was another of the lowest-priced cars. The Like 1.3 version had a list value of $20,886,000. Here, there were agencies that offered a discount of that amount. In those cases, the transaction price was around $18,400,000. Perhaps some dealerships could offer a little less, but it all depended on each agency and its financial needs.
Citroën also had one of the most affordable cars. The C3 PureTech Live The vehicle was worth $19,227,600 on the list price. However, dealers say that it is not available. It has not been delivered to the network for conventional sales for months and they only sell it through a savings plan.
The versions available were the Feel Pack Design and the First Edition. List prices last month were between $22,145,700 and $22,521,300. At dealerships there were possibilities to buy them for $21,000,000 or a little less.
But if the transaction price was taken into account, Renault was the brand that offered the most affordable model. It is the Logan Life. With a list value in June of $22,704,283, it was sold for $17,500,000. If measured in dollars, based on the “blue” price of last month, this Logan cost about 13,400 dollars in cash.
In July, new lists arrived with some increases, but not so much for entry-level models. The Logan’s price remained the same, although the bonus was cut a little, according to dealerships, and about $18,500,000 has to be paid.
If you take the new value of the “blue”, with the rise in recent days that brought it to approximately $1,450, less than 13,000 dollar bills are needed to buy it.
The Fiat Cronos Like also maintained its price in July and, as in the case of Renault, some dealerships say that the discount that the agencies make in order to sell it has been reduced. In this case, you have to think about $19,000,000 to buy it. That is, 13,200 dollars.
The Toyota Yaris XS has gone up to $20,292,000 and is sold at that price, around 14,000 “blue” dollars. It should be noted that transaction values vary at each dealership.
Source: Ambito

I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.