The Chamber of Automotive Commerce (CCA) reported that sales in June fell 7.6% year-on-year. Compared to May, the decline was 17.93%.
The used car sales experienced a 7.6% drop in June, due to the greater number of holidays, while dealers say that a moment of opportunity is opening up for activity amid the rise of the dollar.
The Chamber of Automotive Commerce (CCA) reported that 123,882 used vehicles were sold in Argentina in June, a drop of 7.62% compared to the same month in 2023 (134,099 units). Compared to May (150,954 vehicles), the drop reaches 17.93%.
In the first 6 months of the year, 739,398 units were sold, a decrease of 7.34% compared to the same period in 2023 (797,930 units).
During this period, the provinces that suffered the greatest decline were Formosa (24.67%), La Rioja (23.87%), Jujuy (22.48%) and Misiones (21.31%).
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Used cars: why sales fell in June
Alejandro Lamas, secretary of the entity, said that “it is important to consider that during the month of June there were 4 fewer days during which there was no registration activity.”
“If we consider a daily trading volume of around 5,631 transactions, 22,524 more units should be added, which would have practically equaled the figures for May,” said Lamas. He explained that it should also be taken into account that “when There are parallel movements with dollars, these directly impact the purchasing decisions of consumers.”
“This behavior was reflected during the month that ended, generating a certain readjustment of prices downwards in hard currency,” he explained.
“We believe that this is a time of opportunity to acquire this type of product,” said Lamas.
What were the 10 best-selling used cars in June?
- VW Gol and Trend: 6,761
- Toyota Hilux: 4,552
- Chevrolet Corsa and Classic: 3,677
- VW Amarok: 2,977
- Ford Ranger: 2,904
- Toyota Corolla: 2,749
- Renault Clio: 2,691
- Ford Fiesta: 2,464
- Peugeot 208: 2,371
- Ford Focus: 2,339
Source: Ambito
