According to a recent study, the automotive sector significantly improved thanks to the reduction of internal taxes, the elimination of import tariffs electrical and hybrid models, and the fall of the country tax.
According to the report on the situation Automotive prepared by BBVA Research In Argentina, Vehicle production is quickly rehabilitated after a significant drop in the first half of 2024.
The automotive sector significantly improved competitiveness and benefited consumers thanks to the reduction of Internal Taxes to Cars and Motovehiclesthe elimination of tariffs for the Import of electric and hybrid vehicles, and the fall of the country tax.
In the segment of 0km vehiclesa notable revitalization promoted by the opening of the market and the implementation of favorable fiscal policies is observed. The elimination of tariffs and internal tax reduction allowed to adjust the price structure, which is reflected in an increase in 21% in imported 0km cars, After several years. These changes expanded the offer and improved competitiveness, facilitating consumers access to modern models at more attractive prices and reaffirming the expectations of sustained growth in this sector by 2025.
In particular, the used vehicle segment showed encouraging signals; Despite the setbacks of the beginning of 2024, the recovery of real income and the greatest accessibility to financing promoted its sales, while a diversified and competitive offer in prices consolidates this market as an attractive option for consumers.
The impulse of the ceremony and the moderate expansion of leasing favored the reactivation of the financing, facilitating access to the acquisition of vehicles. With a growth projection of GDP of 5.5% for 2025 and a significant improvement in consumer confidence, It is expected that sales of light vehicles in the domestic market exceed 500,000 units this year.
The segment of hybrid and electric cars experienced a remarkable dynamism in 2024, registering a year -on -year growth of 48% despite representing only 3.4% of total sales. This impulse reflects the growing interest of consumers in more sustainable and efficient mobility solutions, where non -plug -in hybrid vehicles concentrate most sales. Fiscal relief policies and tariff elimination facilitated access to these technologies, opening the way to greater penetration of models that combine energy efficiency with competitive performance.
The situation report concludes with the expectation of greater dynamism generated by these measures and the greater commercial opening not only strengthens the production and sale of new vehicles, but also continues to revitalize the used vehicle market and the importation of automotive. Together, these factors anticipate significant year -on -year growth, positioning the automotive sector as a key pillar in the country’s economic recovery during the next year.
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.
