Flash Reports

Argentina car market stopped the fall in June. Fiat & Renault crashed down.

Argentina Car Market Volkswagen-Passat_GTE_2015

Argentina car market stopped the fall in June after 17 consecutive losses. However the first half 2015 reported a robust 17% loss with all brands losing terrain. The leader Volkswagen boomed in June reducing the gap over last year.

Economic Environment

Argentina’s economy accelerated in the first quarter and GDP growth more than doubled the previous quarter’s expansion. More recent data show that the positive momentum has likely been carried over into the second quarter.

Economic activity picked up in May as the government speeds up spending ahead of the October elections and industrial production recorded the first expansion in nearly two years in June due to a rebound in the automobile industry.

Against the backdrop of a better economic outlook and more confident consumers, Argentinians headed to the mandatory primary elections on 9 August.

Official results show that the Front for Victory’s candidate Daniel Scioli leads with nearly 39% of the vote, while the head of the opposition, Mauricio Macri, managed to gain 31% of the vote.

These tight results, which are seen as the most accurate indicator of who is better positioned to succeed President Cristina Kirchner, suggest a second-round vote will likely be necessary after the main election is held later this year.

Market Outlook

Following the 2009-2013 boom when market soared from 0.5 to 0.9 million units per year, the Argentinian automotive industry was heavily hit by the last two years crisis and is falling down at the starting point. After the 653.000 units reported last year, in the 2015 the market will land around 550.000 units.

However, following a first quarter again deeply negative with sales down 27.1%, during the second the decline went to end with finally June positive over the previous year, marking the landing on the bottom almost 40% below the peak of two years ago.

Indeed after 17th year on year decline, according with data released by ACARA and ADEFA, the Argentinian Associations of car manufacturers and dealers, new light passengers vehicles sold in June have been 56.135, up 10.1% from the correspondent month last year.

The results mitigated the bad performance reported in the first half with final sales at 303.128, down 17.0%.

Competitive Arena

Thanks to a roaring performance scored in June with sales up 47%, the market leader Volkswagen managed to end the first half with a light loss with total 58.036 sales (-1.6%) and market share at 19.3%.

Ford in second registered 45.543 units (-9.4%) while the third, Chevrolet, was down 7.0% at 42.151 sales. Behind, Fiat with 35.570 (-30.2%) reporting a really awful score, Renault with 31.608 (-40.0%) and Toyota with 30.338 (-11.5%).

As far as the groups ranking, the leader was Volkswagen with share at 19.6%, followed by Ford at 15.1%, General Motors at 14.0%, P.S.A. with 12.9% and FCA with 12.8%.

As far as the best-selling models, the first half leader was the Volkswagen Gol with 14.639 sales (-26.8%), followed by Toyota Hilux  with 12.559 units (-14.5%) and Fiat Palio with 12.505 (-15.4%).

Behind, the Ford Fiesta with 12.405 (-16.3%), Chevrolet Classic with 12.273 (-5.8%), Ford Ecosport with 11.471 (-182%), the Ford Focus with 9.308 (-3.1%), the Fiat Siena with 9.050 (-29.1%), the Renault Clio with 8.877 (-31.0%) and the Toyota Etios with 8.676 (-21.1%).  All the top ten models reported a negative year on year performance.

Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will report year to date data updated.

Rank Jun Rank H1 Brand Jun 2015 H1 2015 Var Jun Var H1 Share Jun Share H1
1 1 Volkswagen 9.908 58.038 43,7% -1,6% 18,0% 19,3%
2 2 Ford 8.113 45.543 7,8% -9,4% 14,7% 15,1%
3 3 Chevrolet 7.679 42.051 -1,2% -7,0% 14,0% 14,0%
4 5 Renault 6.951 31.608 5,6% -40,0% 12,6% 10,5%
5 4 Fiat 6.569 35.570 -21,7% -30,2% 11,9% 11,8%
6 6 Toyota 5.276 30.338 2,4% -11,5% 9,6% 10,1%
7 7 Peugeot 4.205 27.412 -4,9% -31,4% 7,6% 9,1%
8 8 Citroen 2.095 11.302 8,9% -32,5% 3,8% 3,8%
9 10 Mercedes 1.190 3.576 205,9% 17,0% 2,2% 1,2%
10 13 Iveco 706 1.689 273,5% 59,6% 1,3% 0,6%
11 9 Nissan 630 3.630 40,6% 38,8% 1,1% 1,2%
12 11 Chery 429 2.775 89,0% 46,1% 0,8% 0,9%
13 12 Honda 307 2.646 -53,9% -35,3% 0,6% 0,9%
14 14 Kia 225 1.131 122,8% 94,0% 0,4% 0,4%
15 17 Ram 199 841 55,5% 66,5% 0,4% 0,3%
16 15 Hyundai 170 1.003 63,5% 21,3% 0,3% 0,3%
17 16 Audi 150 939 233,3% 14,9% 0,3% 0,3%
18 18 Mitsubishi 64 280 100,0% 22,8% 0,1% 0,1%
19 21 Alfa Romeo 39 170 333,3% 102,4% 0,1% 0,1%
20 20 BMW 36 187 2,9% -46,1% 0,1% 0,1%
21 24 Volvo 21 42 75,0% -56,3% 0,0% 0,0%
22 19 Jeep 16 190 -66,0% -59,1% 0,0% 0,1%
23 22 Smart 12 84 -40,0% -37,3% 0,0% 0,0%
24 24 Dodge 10 42 -41,2% -83,8% 0,0% 0,0%
25 23 Mini 8 43 100,0% -53,8% 0,0% 0,0%
26 25 Subaru 7 35 75,0% -30,0% 0,0% 0,0%
27 28 Chrysler 4 17 -20,0% -48,5% 0,0% 0,0%
27 26 Land Rover 4 24 -50,0% -71,4% 0,0% 0,0%
28 28 Porsche 3 17 -40,0% -43,3% 0,0% 0,0%
29 27 Dongfeng 2 22 #DIV/0! #DIV/0! 0,0% 0,0%
Rank Jun Rank H1 Group Jun 2015 H1 2015 Var Jun Var H1 Share Jun Share H1
1 1 Volkswagen 10.061 58.994 44,8% -1,4% 18,3% 19,6%
2 2 Ford 8.113 45.543 7,8% -9,4% 14,7% 15,1%
3 3 General Motors 7.679 42.051 -1,2% -7,0% 14,0% 14,0%
4 6 Renault-Nissan 7.581 35.238 7,8% -36,3% 13,8% 11,7%
5 5 FCA 7.543 38.521 -14,2% -27,8% 13,7% 12,8%
6 4 PSA 6.300 38.714 -0,7% -31,7% 11,4% 12,9%
7 7 Toyota 5.276 30.338 2,4% -11,5% 9,6% 10,1%
8 8 Mercedes Daimler 1.202 3.660 193,9% 14,7% 2,2% 1,2%
9 9 Chery Automobile 429 2.775 89,0% 46,1% 0,8% 0,9%
10 11 Hyundai-Kia 395 2.134 92,7% 51,3% 0,7% 0,7%
Rank Jun Rank H1 Model Jun 2015 H1 2015 Jun Var H1 Var Share Jun Share H1
1 5 Chevrolet Classic 3.547 12.273 25,6% -5,8% 6,8% 4,4%
2 4 Ford Fiesta 2.796 12.405 53,4% -16,3% 5,4% 4,5%
3 1 Volkswagen Gol 2.716 14.639 27,2% -26,8% 5,2% 5,3%
4 3 Fiat Palio 2.405 12.505 -27,6% -15,4% 4,6% 4,5%
5 6 Ford Ecosport 2.362 11.471 16,7% -18,2% 4,5% 4,1%
6 2 Toyota Hilux 2.322 12.559 7,9% -14,5% 4,4% 4,5%
7 8 Fiat Siena 1.892 9.050 -12,7% -29,1% 3,6% 3,3%
8 24 Renault Sandero 1.884 4.130 116,8% -51,6% 3,6% 1,5%
9 14 Renault Kangoo 1.657 8.033 11,0% -8,0% 3,2% 2,9%
10 13 Volkswagen Amarok 1.586 8.100 32,2% -8,0% 3,0% 2,9%
11 9 Renault Clio 1.574 8.877 -28,2% -31,0% 3,0% 3,2%
12 10 Toyota Etios 1.570 8.676 3,0% -21,1% 3,0% 3,1%
13 15 Ford Ranger 1.540 7.932 10,2% -7,6% 2,9% 2,9%
14 11 Volkswagen Suran 1.410 8.235 14,9% -19,2% 2,7% 3,0%
15 18 Volkswagen Up! 1.331 5.874 2,5% 2,1%
16 16 Toyota Corolla 1.310 7.235 -4,2% 1,3% 2,5% 2,6%
17 12 Peugeot 208 1.097 8.193 -24,0% -25,2% 2,1% 3,0%
18 7 Ford Focus 963 9.306 -48,2% -3,1% 1,8% 3,4%
19 17 Peugeot 308 947 6.021 10,9% -34,8% 1,8% 2,2%
20 20 Peugeot Partner 904 4.900 22,7% -32,8% 1,7% 1,8%
21 25 Chevrolet Agile 846 3.992 55,2% 2,1% 1,6% 1,4%
22 27 Renault Duster 776 3.782 51,9% -56,6% 1,5% 1,4%
23 22 Volkswagen Saveiro 768 4.344 54,8% 24,5% 1,5% 1,6%
24 29 Peugeot 207 712 3.397 11,6% -42,8% 1,4% 1,2%
25 30 Citroen C3 699 3.345 -2,9% -41,7% 1,3% 1,2%
26 46 Renault Logan 607 1.255 -11,0% -80,4% 1,2% 0,5%
27 23 Volkswagen Fox 555 4.236 10,6% -3,1% 1,1% 1,5%
28 19 Chevrolet Onix 527 5.005 -42,2% 12,6% 1,0% 1,8%
29 32 Chevrolet Tracker 517 2.475 115,4% 12,1% 1,0% 0,9%
30 31 Citroen Berlingo 516 2.723 16,7% -8,7% 1,0% 1,0%

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