the market of used cars suffered a “significant slowdown” in sales, which fell by 70% after the devaluationwhich caused a severe distortion of prices, warned the secretary of the Automotive Chamber of Commerce (CCA)Alexander Lamas.
“Today we don’t have one. price listwhich is based on the average of the operations, which is what the market checks, to get an average of the value of the used cars”, he explained in dialogue with Noticias Argentinas.
Lamas alerted that a price update is missing and pointed out that “although the market is not completely paralyzed, there is a significant slowdown in sales that fell 70% after the devaluation.”
He pointed out that the terminals “set the course of prices every month, but now they are not doing it, because they must also analyze their situation,” he stated.
“It happens that with the devaluation that increase the costs in dollarsAdded to the fact that the deadline expires at the end of the month so that new cars for sale do not pay taxes, it is not known for sure what the price of the cars is,” he explained.
Key: the cap period expires so that new cars do not pay taxes
The quarterly deadline for the $8.4 million price capfor the ones new cars do not pay internal sales taxes and must be updated by the AFIP.
That ceiling should be updated according to inflation and the COUNTRY tax with the additional 7.5% that the Government ordered for all imported industry products that enter the country, both finished vehicles and inputs or auto parts for factories.
Lamas pointed out that “many take the list of the camera as the official price for used ones, because of the disley that exists in the prices of the quotes today is out of date”.
“The consumer public looks at the car publication sites and sees that there is a distortion of prices and that for the same car and model there are sometimes differences that reach double and confused retracts operations,” explained the head of the CCA.
“This dispersion impacts the market and there is no offer to rebuild the stock either,” added Lamas, who pointed out that the situation “could normalize in the second half of September,” when the terminals define the price of the new cars, which serve as Reference in the used market.
Lamas considered that “like today we don’t have prices For new cars, which serves as a reference for used cars, the business market becomes very difficult in a context of price instability”.
Source: Ambito
