In the first 10 months of the year, 1,433,622 units were sold, an increase of 2.40% compared to the same period in 2023 (1,400,057 units), as reported by the CCA.
The signs of exit from recession They are adding up and now it was known that the sale of used cars grew very strongly and reached its best October in history. The Chamber of Automotive Commerce (CCA) reported that in October 171,606 used vehicles were sold, which represents an increase of 21.23% compared to the same month in 2023 (141,550 units). If compared to September (162,515 vehicles), the advance was 5.59%.
In the first 10 months of the year, 1,433,622 units were sold, an increase of 2.40% compared to the same period in 2023 (1,400,057 units).
Alejandro Lamas, secretary of that chamber, said that October marked a “strong growth in used car sales in its three variables: compared to the same month last year, with September and in the accumulated of the year.” In addition, he highlighted that this is the “second best October in the history of the sector. The previous one was in 2013 with just 80 more units.”
“This sales volume is giving us a clear sign of recovery of activity, product of successful economic policies on the part of the executive,” highlighted the manager.
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Photo: Infobae
The causes of the growth of used car sales
“Macroeconomic stability, better financing rates, exchange rate stability, a greater supply of products and an incipient recovery of the purchasing power of salaries, clearly contribute to generating a virtuous circle where everyone wins. Namely: consumers, automotive trade, industry and importers and national state,” said Lamas.
“With respect to the interior of the country, the provinces that grew the most compared to September were Catamarca, Salta and San Juan. And in the first 10 months they were Santa Cruz, Neuquén, Mendoza and Santa Fe,” he noted.
What were the 10 best-selling used cars in October
- VW Gol and Trend: 11,132
- Toyota Hilux: 7,691
- Chevrolet Corsa and Classic: 6,055
- VW Amarok: 5,470
- Ford Ranger: 5,259
- Toyota Corolla: 4,723
- Renault Clio: 4,274
- Ford EcoSport: 4,185
- Ford Fiesta: 4,093
- Peugeot 208: 4,090
Used cars: September-October figures, province by province
- Province of Bs. As.: 7.95%
- CABA: 9.37%
- Catamarca: 18.40%
- Chaco: -6.58%
- Chubut: 0.67%
- Córdoba: 6.88%
- Currents: 5.52%
- Entre Ríos: 0.93%
- Formosa: 4.65%
- Jujuy: -2.50%
- La Pampa: -1.34%
- La Rioja: -3.06%
- Mendoza: 1.81%
- Missions: 5.57%
- Neuquén: -2.93%
- Río Negro: 7.27%
- Skip: 13.63%
- San Juan: 10.65%
- Saint Louis: -1.56%
- Santa Cruz: 7.74%
- Santa Fe: -0.03%
- Santiago del Estero: -7.19%
- Tierra del Fuego: 12.24%
- Tucumán: 14.81%
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.
