41,378 cars and 54,607 motorcycles were patented in August

During the month of August, the following were recorded: 41,378 cars were registeredwhile in the case of the motorcycles were 54,607. In both cases, from the Association of Automobile Dealers of the Argentine Republic (ACARA) They compared these records with the numbers from the same period in 2023.

In the case of vehicles, the number records a 4.8% year-on-year risesince in that comparison with last year they had been counted 39,467 units. Now, if the balance is made with July of this year, there are a drop of 4.1%, with 43,150 units.

Thus, the result of the eight months of the year marks a total of 267,954 unitsthis is a 16.1% less that in the same period of 2023, in which they had been registered 319,368 vehicles.

Sebastian Beatopresident of ACARA, said: “The August numbers come to confirm the recovery that began in Julyafter a very irregular first half. There are now a number of reasons that make us see a second half of the year with a steady growth, based on a gap in the exchange rate, which helps to make the acquisition of many vehicles more convenient, the great appearance of financing with much more friendly rates, an issue that is always key for our activity, a normalization of the market, with more logical values, and a wider offer by the factories.

”But what we highlight most this month are the state incentives that have a direct impact on our activity, such as the announcement of the reduction of the country tax, a tax that today has a direct impact on the priceand also what was announced today by the Minister of Justice, which will lower costs and speed up the registration of vehicles. I would like to highlight that a few days ago, at our Convention in Mendoza, Governor Cornejo announced the progressive reduction of the stamp tax. These are very positive stimulus measures, which we have been asking for for a long time, and which are also vital today to preserve sources of work. I hope that other provinces will join in with this type of benefits that have repercussions in all areas of the economy,” concluded Beato.

What’s happening with motorcycles?

On the motorcycle side, the Motorcycle Division of ACARA reported that there were a year-on-year increase of 27.7%compared to August 2023 where 42,746 units had been registered. If the comparison is against the previous month, a decrease is also observed 35.2% increasesince 40,379 units had been registered in July.

In total for the year, They patented 298,706 unitsthis is a 6.5% less that in the same period of 2023, in which they had been registered 319,530 motorcycles.

In terms of participation, there are changes with respect to July in the top positions, Honda continued to lead the market with 11,251 units, followed by Motomel, with 7,691, but Gilera, with 5,957, and Zanella, with 5,326, both climbed one position and are third and fourth, sending Corven, which was third last month, to fifth place with 4,987 units.

There is also a change in the most patented model, the Honda Wave 110, historical leader, continues to comfortably lead, the Gilera Smash remains in second position for the second consecutive month, overtaking the Motomel B110, which remains third. The Keller KN 110-8 moves up one position and was fourth in August, and the Corven Energy 110 by Corven closes the top five, dropping one position.