The price difference is explained, in large part, by the high tax burden. How government measures impacted and how many salaries are needed to acquire a new vehicle.
A private report revealed that Argentina continues to lead the ranking of the most expensive countries of the region for the purchase of a new car. With an average price of US $24,673, the value of a 0km car In the country it is between 30% and 53% higher than that of Brazil, Chile, Uruguay and Paraguay.
The price difference is explained, in large part, by the high tax burden. According to a report by Focus Market, more than half of the value of a new vehicle in Argentina is composed of national, provincial and municipal taxes. Factors such as VAT, internal taxes – which reach up to 35% – and import tariffs significantly increase cars compared to neighboring countries.
Despite this, in recent months some casualties were recorded in list prices, promoted by government measures. The elimination of internal taxes for vehicles that cost between $ 41 and $ 75 million and the reduction of the aliquot for high -end from 35% to 18% generated a slight reduction in values, shortening the gap between the cheapest cars and those of luxury.
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The impact of inflation and exchange policy
In terms of price evolution, the online information system of the Automotive Market of Argentina (SOOMA) reported that in 2024 the price index of the automotive sector (IPSA) recorded a 67% increase in the list values of the 0KM. However, This increase was below the annual inflation of 117.8%which reflects a minor adjustment in relation to the cost of living. By segments, light cars increased by 129%, SUV 67.7%and 63%pick-ups.
Another determining factor was the policy changedto. The elimination of the advance of 95% of the country tax in January 2025 and the progressive reduction of tribute throughout 2024 They generated falls of up to 4.5% in some models. However, many automotive chose not to transfer the low tax prices, arguing that inflation and devaluation have already impacted their gain margins.
Greater offer and flexibility of the market
The automotive sector also experienced changes in its market structure. During the first semester of 2024, the elimination of import permits generated an oversized units, which led to concessionaires to offer bonuses and discounts. Thus, List prices ceased to be a floor and became a roof, favoring buyers in cash in the face of savings plans.
In this context, the Government seeks to continue making the tax burden more flexible to improve the competitiveness of the sector. Although for now the fiscal reductions have mainly benefited high -end vehicles, it is expected that, as the exchange rate is stabilized, savings plans can recover part of their appeal.
How many salaries are needed for a 0km?
One of the main indicators of accessibility to a new vehicle is the relationship between the price of cars and the average salary. According to Focus Market’s report, In 2021 almost 30 salaries were required to buy a 0kmfigure that amounted to 58 in 2023. Currently, with an average provisional income of $ 1,146,474, they need 19.6 Salaries to access a new vehicle, reflecting a slight improvement in terms of purchasing power.
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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.
