In this context, savings plans are normalizing their historical participation at around 50% of total items (coming from the 77% they registered in March), branded financial companies return to 30% and banks to 18%.
The financed car sales through garments they reached the 16,450 units in Octoberjust –0.5% less than in September and 0.7% more than in August and 21.5% more than in October 2023.
In that context, the savings plans They are normalizing their historical participation at around 50% of total items (coming from the 77% they registered in March), branded finance companies return to 30% and banks to 18%.
As published in its recent report ACARA, the Automotive Dealers Association, “It seems that the increase in credit that we are expecting for the coming months is not yet evident, but it is already beginning to be noticed.”
Used car financing
In the case of used financing, we see a similar situation. The 11,816 garments registered in October are 6.5% more than in September and 9% less than in August.
In this case, the banks are the ones that most participate in the financing, with almost 70% of the total clothing items while private finance companies provide another 13%.
In the case of used transfers, the greater banking offer should also boost the market in the coming months.
Regarding the evolution of the month, the entity clarifies that “in recent months the Argentine macro is reconfiguring several of the dynamics that it had been maintaining for some years. In particular, the reduction of the treasury deficit and decreasing inflation means that “The absorption of pesos from the local financial system by the State has been significantly reduced. This has direct implications for what concerns us, since the system (especially the banks) today has excess liquidity that requires mobility.”
And they add: “This is why we expect the supply of credit in general and collateral in particular to advance strongly in terms of quantity, diversity and conditions. We still do not see it in the numbers, but we should begin to do so in the immediate future.” .
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
