Last month, the almost 18,000 items registered for a brand new vehicle represented an increase of 38.1% compared to the previous month and 32.4% in the year-on-year comparison.
During July 34,460 liens were registered on vehicles in Argentinawhere 52% corresponded to garments on 0km vehicles and the remaining 48% were made on used vehiclesaccording to the association that groups the dealerships (ACARA).
July was a positive month in activity, since the figures recorded represent significant growth compared to the previous month and also the same month in 2023. With last month’s data, the red of accumulated garments was greatly reduced and in the case of used items, It went from almost 10% negative to almost 7% positive so far this year.
Last month, the almost 18,000 items were registered, the asset being a brand new vehiclerepresented an increase of 38.1% compared to the previous month and 32.4% in the year-on-year comparison. Financing of 0km units has been growing at rates higher than those of patents, with which the The role of collateral loans in the new unit market has an increasing role this year.
This 2024 began the year with a participation of financing instruments close to 30% of the 0km market and In July, that figure reached 42%, some 12 percentage points more.
Used car market
This phenomenon is also evident in the used vehicle market, with high participation rates. Last month, registrations of overused clothing almost doubled the number registered a year ago. and so far this year The garments already have 56.7% more registrations than the same 7 months of 2023.
The year had begun with a share of around 5% in total operations with used cars and In July, that figure is 9%, more than 4 percentage points, which represents an accumulated figure of almost 7% of total transfers, a record value for Argentina.
0km car market
The financing data comes at a time when the number of registered vehicles is July 2024 rose to 42,892 unitswhich represents a down 2.8% year-on-year, since in As of July 2023, 44,117 units had been registered.
Compared to June of this year, there is a rise of 38.8%, as 30,906 units were registered in the previous month. At this point, it should be noted that last month there were fewer working days due to holidays.
Thus, the cumulative total for the seven months of the year shows a registration of 226,318 units, which is 19.1% less than in the same period of 2023, when 279,902 vehicles were registered.
Source: Ambito
