In the accumulated of the first three and a half months of the year, the drop in sales of the automotive market is 25%, as a consequence of the increase in 0km prices that accelerated after the December devaluation.
Despite the discounts that are being offered on list prices, The demand does not have the strength of months ago and complicates factories and dealerships due to the growth in the stock of vehicles for sale.
According to the data managed by the SIOMAAthe dealership statistical system, as of March 31, the number of unpatented cars and light commercial vehicles was 83,143 units. It is the highest level since the end of Mauricio Macri’s government.
In 2019, the monthly stock level was between 90,000 and 120,000 units. At that time, there was a period of wide supply of domestic and imported vehicles and more than a year of strong bonuses.
Since the beginning of 2020, it began to decline and the exception was December of that year, when a volume similar to the current one was reached, but it was more due to the consequence of the pandemic and that the last month of the year is seasonally high due to the change in model year.
With the restrictions on imports that began to be applied during Alberto Fernández’s administration, the market was short of supplies and 0km were missing.
To have dimension of the current inventory level, during last year the volume was located, in general, below 70,000 0km. For example, in May there were 61,406in June 63,184in July 59,737in August 52,814 and in September 69,065.
Only in October did it rise to 71,460 units, probably due to the drop in demand as a result of electoral and economic uncertainty.
In December, it was already at 79,236 units. In January, it fell to 62,146. It is a month with a high level of patents due to the change of year and that seasonally reduces the stock. February grew to 76,262 and March to the aforementioned number.
But not only did it increase in quantity, but also in the relationship with the months of sales that they represent because the market is going down.
For example, in May of last year, with a stock of 61,406 units, the month closed with 40,165 patents. That is, the inventory was less than two months of sales. The following months that relationship was maintained.
On the other hand, the 83,143 light vehicle cars that are in stock today, with a total market of 25,000 units, are equivalent to more than 3 months of sales.
If taken by brands, toyota It has a stock of 17,214 units that represent 3.4 months of its sales. It follows Volkswagen with 14,026 units and 3.5 months of sales.
Fiat It has an inventory, according to the stocks estimated by SIOMAA, of 8,302 0km (2.1 months). At the other extreme is Chevrolet with 8,003 vehicles throughout the commercial chain and covers 5.2 months of sales.
The one that has the most stock in relation to its sales is Sling. In March there is an inventory of 965 vehicles, which is equivalent to 10.1 months.
This growth in stocks also explains why factories and importers are not in a race to increase imports now that there are no more restrictions and there is openness.
With the price levels at which, they say, they would have to sell to be profitable and a depressed market, it is not a good time to add more supply.
Source: Ambito
