The business sector shows optimism for 2025, with projections of at least 500,000 units sold. However, purchasing power remains a challenge for many workers. The details.
The market of cars 0km In Argentina, 2024 was turbulent, with a sales crisis at the beginning of the year due to the devaluation of December 2023, but it closed with a significant rebound driven by the elimination of the COUNTRY tax.
The sector shows optimism for 2025, with projections of at least 500,000 units sold. However, purchasing power remains a challenge for many workers, with wages still far from recovering the ground lost post-devaluation.
Buying a 0km car in Argentina: how many salaries are needed?
In this context, automakers compete especially for buyers of more affordable models.
The cheapest model on the market, the Renault Kwidhas a price of $17.9 millionwhich implies that an average worker would need 18.2 full salaries to acquire it.
This value, although high compared to other countries such as Chiliis within the historical average of the Argentine market.
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A study by the consulting firm Invenómica reveals that In 2017, 11.2 salaries were needed to buy a 0km car in Argentina, figure that increased to 17.8 salaries in 2019 and has remained stable since then. In 2009were required 20.6 salaries to purchase an economical vehicle.
Compared with other countries, the current value of 18 salaries is considered high. For example, in Chilithe cheapest car, the Suzuki Altocosts the equivalent of $10,845,800 in Argentine pesosand with the average salary in that country, you only need 13.1 salaries to buy it.
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.
