Patenting grew almost 30% annually in October

Patenting grew almost 30% annually in October
November 1, 2023 – 11:34

The Dealers Association reported patenting data for the tenth month of the year. How many new cars were registered and how has the number grown so far this year?

Whose Automotive

The Association of Automotive Dealers of the Argentine Republic (ACARA) reported that in October of this year 41,681 units were patented, which is equivalent to a year-on-year increase of 28.5% compared to the same month last year, when 32,433 vehicles had been registered, while compared to the immediately previous month (against September), when there were 33,637 registrations, the increase was 23.9%.

Thus, In the accumulated ten months of the year, 394,709 units were patented, 11.4% more than in the same period of 2022, in which 354,475 vehicles had been registered.

Sebastián Beato, president of ACARAhighlighted that “the October numbers are very good, with year-on-year growth and in consecutive months, which give continuity to this inertia of market growth, beyond everything.”

What’s coming for the automotive market

He noted that in recent weeks There has been a strong presence of exchange and political issues. However, nothing stopped the demand from people who know that if they choose from the available models they can take advantage of the opportunities presented to them.

But he emphasizes that “the most important thing is that the market will continue up”. And he assured that the Association released a study a few days ago that shows that there is still a large unsatisfied demand, so they are optimistic for what is to come.

Beato anticipated that once the electoral contest is over and we move to a scenario of greater stability, if the pending issues are aligned, “We can think of a next year with a growing market that could reach 500,000 units“, concluded Beato.

Source: Ambito

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