“The end of the year and the beginning of 2024 are marked by a quasi-paralysis of operations with new vehicles. The enormous uncertainty with which we spent these months and the jump in prices that was registered in both months, is practically causing reduce patenting by a third compared to January 2023,” the entity stated.
In this framework, Acara specified that During January of this year, 63.7% of the registrations corresponded to 0km vehicles (10,811) and 36.3% (6,162) of transfers corresponded to used ones.
Regarding the types of financing, 44.1% was financed by Savings Plans, 35.7% in Banks, 12.3% in Brand Financial Institutions and 2.9% in Other Financial Institutions.
While, the five largest models patented by brands were 53.3% Fiat, 42.8% Renault, 17.4% Toyota, 33% Peugeot, and Ford 32%.
Particularly in the 0km vehicle market, in January of this year they registered 10,811 patents.
These figures represent almost double that of last month but well below the January 2023 record (98.2% and -36.3% respectively), the Acara report detailed.
Consequently, the entity argued that this situation is not exclusively due to conditions in the financing market, but “is inherited from a stoppage in 0km sales.”
Used car financing
Regarding the financing of used vehicles, 6,162 cars were registered last month, which represents a increase of 4.5% compared to December.
Furthermore, this figure is 26.5% lower than the 8,389 that had been registered in January 2023.
For its part, financing in the used market corresponds to Banks (78.2%), Financial Companies (7.5%), Branded Financial Companies (3.8%) and Mutuals and Cooperatives (2.8%).
Source: Ambito
