Car sales closed 2024 with a drop of 8%: this year 414,000 vehicles were patented

Car sales closed 2024 with a drop of 8%: this year 414,000 vehicles were patented

The car sales in 2024 it ended with a total of 414,041 patented unitswhich represented a drop of 7.9% compared to 2023, in which they had registered 449,492 vehiclesaccording to data from the Association of Automotive Dealers of the Argentine Republic (ACARA).

Such as Ámbito anticipatedthe entity revealed that in December the number of vehicles patented during the year amounted to 21,602 unitswhich represents an increase of 16.3% year-on-year, since in December 2023 there were 18,573 units.

If the comparison is against November of this year, a decrease of 40.3% is observed since 36,212 units had been registered last month.

In this framework, the president of ACARA, Sebastian Beatohighlighted that the year ends better than expected 12 months ago, despite the general decline in patents. “This month’s figures were very good and the 21,600 patents confirm the best December in the last six years, surely with the carryover of several patents that for various reasons could not be registered in November”he analyzed.

According to Beato, 2024 was a “complex year”, with a “very weak” first semester, in whichand “the ghosts of the worst years were stirring, but it had a second half with levels of activity that invite us to hope for a recovery with growth by 2025.”

The head of the Association assured that the “big news” was the return of financing, now with multiple options from banks and the terminals themselves, and also significant discounts and a greater supply of imported vehicles. “It gave the activity a dynamism that allowed us to reach 414,000 patented units, something unthinkable back in March, but which I maintained was possible”held.

Finally, Beato said that now “is the time to take advantage of this good inertia to go for more, working together with the factories, the union and the state to see how we can enhance a market that can benefit from a macroeconomy that shows concrete signs of recovery”. “From the value chain we are already working on it,” the manager concluded.

What automakers expect by 2025

In that context, Dealers are preparing for 2025 with greater activity and increased sales but, also, with greater competition.

The association that brings together the terminals (ADEFA) estimated that “the sector will close the year 2024 with better volumes than projected. In the case of production in the order of 505,000 production units, 300,000 export units and 412,500 patented units.”

The base scenario shows that 545,000 production units can be reached (+7/9%); 324,000 exports (+8%); and a domestic market of approximately 500,000 units with a growth of more than 12% compared to 2024.

The car brands that grew in sales in 2024

toyota It leads the operations of the month and the year with 21.7% of the market in the brand ranking. It follows Volkswagen, with 16.5%. The third is Fiat with 12.1%.

The Hilux pickup leads December sales, but the novelty comes from the advancement of the ford ranger which is located in second place and also recovers the second position in the pickup segment, which in the last three months had been occupied by Amarok.

Third place in the ranking of best-selling models of the month is almost assured for Yaris. It is followed by the Peugeot 208, Corolla Cross, VW Polo, the Amarok, Tracker, Cronos and Corolla.

Source: Ambito

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