Country Overview The Argentine Republic is the 2nd largest country in South America by land area, after Brazil (including its Antarctica’s territories), covering over 2.780.000 square meters. It is the 8th larger country in the world with a population of 42 million people (the 32nd). It is the largest global area among Spanish-speakers nations. It is constituted as a federation of 23 provinces plus the Capital area of Buenos Aires, where are living 13 million people or the 31 percent of total population. The light passenger industry in 2011 was the world’s 19th.
Following nine y.o.y. declining months out of last ten, in April the Argentinian car market posted a robust growth, with sales up 36.1% from last year. Thanks to this wonderful performance the year-to-date market was positive by 4.9%. Ecosport pushed Ford in second place.
March 2013 was negative again for the car market in Argentina, with sales dropping 8.1% from last year. The first quarter was stored with a loss of 2.5%. While the top brands share performance was stable, the Chinese Chery advanced at 1% of market share.
In February the car market in Argentina recovered offsetting the January. Sales were up 7.3% with cumulate performance flat on last year. Volkswagen recovered the January loss, while Fiat confirmed a great momentum with share stable above 11%.
The new year did not bring good news for the Argentinian car industry with sales down 3.4% from last year. While Volkswagen started losing share, Renault and Chevrolet started very well challenging the leader.
In December, the Argentinian car market posted the 7th consecutive decline losing 5.9% from last year and the year ended losing 4.6% from the 2011, however achieving the second best ever volume. Ford Ecosport entered in the Top 10 ranking.
In November, the Argentinian car market posted 6th consecutive decline losing 12.9% from last year. The first eleven months sales were down 5.2%. Volkswagen confirmed the market leadership with share above 20% and Gol as best-selling model.
The Argentinian car market recovered in October after the severe drop posted in the previous month, with a little fell of 3.3%. Year-to-date sales were down 4.5% from last. Volkswagen recovered the market leadership, posting a share of 20.2%.
In September, the Argentinian car market dropped at 61.830 sales, down 25.6% from last year, exceeding any expectations. Year-to-date sales were 644.652, down 4.6% from last year. Renault outpaced Chevrolet in 2nd place while Fiat confirmed the trend dropping at 8.2%.
The Argentina car market in August posted 72.527 sales, down 9.3% from last year, moving in negative territory also the YTD data. Indeed, year-to-date August sales were 582.000, down 1.7% from last year. Renault posted a wonderful performance, while Fiat dropped in 6th position.
After June, the Argentina car market dropped again in July, posting 62.906 sales, down 3.5% from last year. The year-to-date sales were 512.839, flat from last year. Renault posted a wonderful performance, while Fiat dropped in 6th position.
In June, the Argentina car market turned in negative with only 66.244 sales, down 15.6% from last year. The year-to-date sales were 439.700, flat from last year. Chevrolet climbed at the best share of the year, while Fiat dropped at the worst.
In May the Argentina car market turned in positive after April decline. The sales were 73.028, up 7.4% from last year. The year-to-date sales were 373.541, up 3.3% from last year. Chevrolet and Renault in 2nd and 3rd positions posted an outstanding month.
April was negative for the car industry in Argentina. Sales at 57.578 were down 11.9%. The year to date sales at April were 300.513, up 2.4% on last year. After 24 months of impressive boost, market entered an uncertain period. Volkswagen Gol dominates the market.
March confirms the sparkling moment is continuing in the Argentina car industry, after the negative step registered in February. This Market is one of the faster growing at global level since 2010 and is projected to join the "1 Million Cars Club" by 2013.