The Chamber of Automotive Commerce (CCA) monthly disseminates the average values of the used cars for agencies in the sector, which serve not only to buy a car but also to sell it.
The suggested prices for January 2024 that were manufactured from 2009 until now are below. For the vehicles produced before that date, the CCA has no official values.
“These values are plausible for variation according to the state of operation, conservation or other circumstances. Likewise, it is clarified that the aforementioned values do not include transfer expenses, insurance, freight and debts, among other variables,” they indicate from the CCA.
Used cars: prices for January 2024
Used cars: sales grew 5.6% in 2023, but since December they stopped after the devaluation
In 2023 they were sold 1,654,395 used cars5.6% more than in 2022, but the December devaluatione, which caused a fierce spike in prices in the Argentine economy and practically paralyzed some key markets, It had an even harder impact on the price 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 he wants to sell it.and the dealer also has little guidance on 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.
“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) told Noticias Argentinas. ), Alberto Príncipe.
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 soldan increase 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 very complicated economic and social context,” said the president of the CCA.
“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 year, We 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 concessionaires’ representative said that “the first semester will be crucial for our expectations throughout the year.
Source: Ambito
