Dealers claim that it is the first time that “there is no reference” in vehicle prices after the December devaluation.
In 2023, 1,654,395 were sold used cars5.6% more than in 2022, but the December devaluation, which caused a fierce spike in prices in the Argentine economy and practically paralyzed some key marketshad an even harder impact on the sale of used vehicles, because it left them without reference prices.
It is that currently the owner doesn’t know how much his car is worth if you want to sell it, and the dealer also has little guidance on the value.
In the sector they also estimate that the valuations of the vehicles is overratedand that this favors insurers, because it allows them to collect higher premiums every month.
The Chamber of Automotive Commerce (CCA) reported that in December 122,024 used vehicles were sold in Argentina, with an increase of 5.6% compared to the same month in 2022 (116,147 units). If compared to November (132,314 vehicles), the decrease was 7.78%.
In 2023, 1,654,395 used vehicles were sold, a rise of 5.32% compared to the same period in 2022 (1,570,784 units).
“The volume of 1,654,395 units sold is not a minor figure in a context very complicated social economic”, said the CEC president.
Used cars: what is the expectation for 2024
“This 2024 began with very few sales and with a fact that further complicates the market: it is the first time in years that there is no reference to the price of the units“, the head of the Chamber of Automotive Trade (CCA), Alberto Príncipe, told Noticias Argentinas.
“There is a stalled market (both 0km and used) waiting for signs to begin outlining the path that will lead to normality. Our sector is going to go through a very hard yearwe will have to use all the ingenuity built through our history in the country, to face the moments that we will have to face,” Príncipe explained.
The dealer representative said that “the first semester will be crucial for our expectations throughout the year.
Used cars: ranking of the ten best sellers in December
- VW Gol and Trend: 7,587
- Chevrolet Corsa and Classic: 4,325
- Toyota Hilux: 3,863
- Renault Clio: 2,941
- VW Amarok: 2,808
- Ford Ranger: 2,690
- Ford Fiesta: 2,865
- Fiat Palio: 2,540
- Ford Fiesta: 2,522
- Renault Kangoo: 2,315
- Ford EcoSport: 2,276
Used cars: Ranking of the ten best sellers in 2023
- VW Gol and Trend: 101,714
- Chevrolet Corsa and Classic: 56,995
- Toyota Hilux: 51,559
- Renault Clio: 41,222
- Ford Fiesta: 37,733
- Ford Ranger: 36,806
- Fiat Palio: 35,214
- Ford EcoSport: 35,141
- VW Amarok: 33,535
- Ford Focus: 32,102
Source: Ambito
