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Patents fell 13.8% in May

Patents fell 13.8% in May

Sector leaders maintain that financing, as a key tool, will also continue to expand for motorcycles and machinery and that will allow for massive improvement.

Ignacio Petunchi

The Association of Automotive Dealers of the Argentine Republic (ACARA) reported that the number of patented vehicles during May of 2024 amounted to 34,614 units, which represents a decrease of 13.8% year-on-year, since in May 2023 40,165 units had been registered.

If the comparison is with April of this year, an increase of 5.1% is observed since 32,943 units had been registered last month.

In this way, in the accumulated five months of the year, 152,339 units were patented, this is 22.1% less than in the same period of 2023, in which 195,673 vehicles had been registered.

Beato: Figures continue to improve as funding appeared

The president of ACARA, Sebastian Beatopointed out that “May’s figures continue to improve and this is due, in large part, to the fact that financing appeared, a few months ago bank rates were above 100% and today they are already a third. “This key tool for the sector will continue to expand also for motorcycles and machinery and is what will allow us a massive improvement.”

Blessed He pointed out that “there are some tax reduction proposals that are also going to have a strong influence so that the customer appears firmly. From the value chain we also have a lot to do and that is what we are working on, the automotive companies, with discounts and promotions to encourage sales, and dealers with bonuses and added value to keep customers coming back, which makes us predict that the second half will be even better than the first.

Source: Ambito

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Patents fell 13.8% in May

Patents fell 13.8% in May

Sector leaders maintain that financing, as a key tool, will also continue to expand for motorcycles and machinery and that will allow for massive improvement.