What were the most quoted cars for sale and the best sellers?
According to Kavak’s quarterly survey, The ranking of the most sought-after cars for sale is headed by the Peugeot 208, followed by the Gol Trend, the Ford Focus and the Fiesta Kinetic Design.
Further back appear the Ford Ecosport; the Ford Ka, the Toyota Corolla and the Peugeot 308. And the top 10 are completed by the Chevrolet Onix and the Toyota Etios.
Meanwhile, the report stated that the most purchased cars in Kavak were the Peugeot 208; the Toyota Etios; the Chevrolet Onix; the Ford Ka; the Volkswagen Goal Trend; the Ford Fiesta Kinetic Design; the Ford Focus III; the Ford Ecosport; the Volkswagen Suran and the Toyota Corolla.
Regarding the best-selling cars to Kavak, the ranking is made up as follows: Peugeot 208; Toyota Etios; Ford Ka; Volkswagen Goal Trend; Ford Ecosport, Ford Fiesta Kinetic Design, Chevrolet Onix; Renault Kwid, Volkswagen UP and Chevrolet Cruze 2.
It should be remembered that the firm offers for sale vehicles from 2010 onwards and less than 100,000 kilometers.
Financing
Financing for the purchase of 0 kilometer vehicles registered a year-on-year increase of 1.4% in September, although it fell by 9.8% compared to the previous month, to close the accumulated figure for the first nine months of the year with a rise of 4.3%, This follows from the report of the Association of Automotive Dealers (Acara) on the financing in Argentina of new and used vehicles.
The work reflected that in September 19,852 garments were registered, equivalent to 11.6% of total sales in the automotive market, of which 12,550 (36.0%) were 0 kilometer vehicles and 7,302 units (5.3%) were used .
Those 19,852 garments registered during the month of September meant a drop of 12% compared to the previous month and this drop is correlated, however, with the behavior of the automotive market, since patents for the month contracted -9.0% and transfers -4.8%.
63.2% of the garments were issued on 0km vehicles, representing 36% of patenting, while the rest were issued on used vehicles, representing 5.3% of all transfers.
Despite the marked drop suffered by garments (mainly overused), they managed to maintain a level higher than that accumulated for the first 9 months of 2021 by 18,408 garments (+11.0%).
During September, 12,550 garments were registered, a figure close to that of the same month last year (+1.4%) and somewhat less than that of last August (-9.8%). The share of total transfers fell to 36% (4pp drop) and was below the annual average of 36.9%.
Savings plans accounted for 55.3% of operations during the first 9 months of the year.
After the amount pledged on used vehicles reached 6% of transfers in June, July and August, in September this figure returned to values closer to the annual average (5.3%).
The year-on-year variation was -14.2%, although it is important to mention that September 2021 was the month with the most overused garments that year.
Banks continue to gain space in this part of the market and went from having 39.8% of operations in 2021 to 55.1% this year.
For its part, Kavak reported that in the third quarter of the year, the proportion of financed operations of used vehicles in the market was 5.7%. This represented some 24,353 units of the total registered operations.. In that same period, Kavak financed an average of 16% of its operations, tripling the financing penetration of the market.
Source: Ambito
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