The vehicle fleet is aging: how many vehicles are in circulation in Argentina?

In the last year, The Argentine vehicle fleet grew by 1.46%, reaching a fleet of 15,299,751 vehiclesalthough it had a significant drop in the cars in circulation, According to the report of the Argentine Association of Component Manufacturers (AFAC).

In this context, a significant aging in cars in circulation. The average age of vehicles is now 14.1 years, compared to 13 years in the previous report.

Besides, andl 25.7% of cars are more than 20 years old, According to the report recently presented by AFAC.

Aging of the Argentine car fleet confirmed: how many cars are in circulation in the country

The information shared reveals that 25.7% of vehicles were manufactured before 2004, while only 12.8% are models from 2019 to 2023. This aging is attributed to factors such as purchasing power, high tax costs on vehicles, and restrictions on imports.

Juan Cantarella from AFAC suggests that to improve the situation, it would be necessary to increase purchasing power, reduce taxes and reactivate the economy.

“In turn, it is the price of vehicles, which has a very high tax component. In recent years, these variables have been decisive, with an aggravating factor in 2023 where There were also restrictions on being able to pay for imports”he explained in conversation with LN.

And he added about the renewal of the fleet: “For this to change, it would have to improve purchasing power, both in real wages and in reducing vehicle taxes. Obviously, there should also be a revival of activity that improves GDP.”

For its part, Alexander Lamas of the Chamber of Automotive Commerce (CCA) He adds that the problem is not only the age of the vehicles, but also the lack of modern technology in cars, exacerbated by macroeconomic policies and import restrictions.

Here you have cars with less technology compared to other countries. That has to do with macroeconomic policies that, if you add that during the years of Alberto Fernández’s government there was very little car import, contributed to the fact that you do not have model updates”he shared with the same media.