During 2024, financed sales showed growth compared to last year. The largest offer of credit occurred in both the 0km and used segments
Financing of 0km auto units decreased in penetration from 37% of patents in October to 36.4% in November, according to ACARA.
Something similar is seen in the collateral financing of usedwhich went from 7% of transfers in October to 6.4% last month.
In the accumulated, financing is in positive territory with an increase of 6.2% for new vehicles and 20.3% for used ones. In both markets it grows against 2023, which improves its participation in the retail vehicle market, since both registrations and transfers are still maintained, either in negative territory (-8.9% in 0km) or below the growth of garments (+3% in used ones).
“November data begin to show the normal nominal contraction as a result of year-end seasonality. Almost -20% vs October is normal. Beyond that, we do not see that financing is driving patents, since its participation remains relatively stable (in fact it fell 8 basis points in November), however, it is expected that the macro conditions that we are seeing and the projections for the immediate future, show very favorable conditions for this to begin to happen. In terms of the brands, graph 3 clearly shows that all the brands in the top 15 (in clothing) are in 2024 financing a greater proportion of their sales in the domestic market,” said ACARA.
In the case of used vehicles, there is no extra boost generated by the financing, although it is expected, according to the entity, that this will begin to take on greater relevance in the immediate future.
“It is true that this year there was a quantitative jump in the average monthly items, especially starting in the second quarter of the year and very markedly in the financing of automobile transfers.
It is also evident in commercial vehicles, but in a less pronounced way, says ACARA.
Source: Ambito
