Cars: despite the growth in patents in September, they estimate that the market will fall to 2004 levels

Cars: despite the growth in patents in September, they estimate that the market will fall to 2004 levels

After the report published by the Association of Automotive Dealers of the Argentine Republic (ACARA), about the number of patented vehicles during September 2024, the volumes of patenting in the country marked a considerable decrease when compared to previous years.

As the institution shows in its breakdown, The accumulated nine months of the year show a patenting of 311,645 units, this is a 11.7% less than in the same period of 2023, in which 353,002 vehicles.

Despite the growth in patents in September, the Market in 2024 will fall to 2004 and pandemic levels

The recent summary clearly indicates that patenting volumes in 2024 will fall to pandemic levels and those of 2004 and 2005.

Nevertheless, Sebastián Beato, president of ACARA, He was optimistic in dialogue with Scope and planned to “reach 400,000, although there may be some variables with the laundering money.”

Likewise, he understood that “it is a very difficult wish, but we have to stay attentive to see what the Market does. We will see if part of the money laundering goes directly to the car.”

2024.09. SIOMAA. 4W Market Report II. LITE.pdf

Continuing with the market projections for this year, Stellantis He confirmed to this medium that the estimate would be “380,000 units.”

It is worth pointing out that to reach these figures we must go back to the end of the convertibility crisis when in 2005 385,804 cars. Already in 2006 they were sold 450,040 vehiclesand then the records came in 2010 and 2011, climbing to 662,747 and 858,010, respectively. Subsequently, the balance remained with slight decreases and considerable increases until the arrival of the pandemic, where there were levels below 400,000 units again.

In 2020 there were 342,540, while in 2021 The numbers reflected a slight increase, reaching 381,777.

For its part, Stellantis He confirmed to this medium that the market projection for this would reach “380,000 units.”

Motorcycles: 40,267 motorcycle vehicles were patented in September

Regarding motorcycle vehicles, during the month of September, 40,267, 26.6% less than in August and 15.7% more than in September 2023.

In the accumulated of the first nine months of the year, 339,195 units were patented, 4.3% less than in the same period 2023.

2024.09. SIOMAA. 2W Market Report II. LITE.pdf

Source: Ambito

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