Argentina. In the 2019 the car market is collapsing at the lowest in 15 years

Argentina Auto Sales

Argentina Auto Sales in the 2019 is collapsing and the year will fall below the half a million units, the worst performance in the last 15 years. Indeed Year to Date October sales were 408.066, down 43%.. The new President, Alberto Fernandez, just elected at the end of October found a country in the edge of the financial disaster.

Economic Environment

Alberto Fernández, the Peronist candidate of Everyone’s Front (Frente de Todos) coalition, secured the presidency at general elections held on 27 October. Although significant uncertainty lurks over Fernández’s economic program ahead, more interventionist and fiscally expansionary policies are expected, which risks further hitting investor confidence and jeopardizes a new deal with the IMF. Meanwhile, despite the strong performance of the external sector throughout the third quarter and July’s uptick in activity economic, GDP likely contracted in Q3, after it rebounded in the second quarter thanks to surging exports.

The economy is set to remain stuck in recession next year. Investment will likely plunge amid downbeat business sentiment and sky-high interest rates, while runaway inflation will continue to eat into consumer spending; the external sector, however, should continue to support growth. A radical shift towards far-left policies poses a significant downside risk to the economy.

Market Trend

Argentina vehicles market in the last decades surfed on waves with sudden falls followed by sharp recovery. The current record was established in the 2013 with 923.000 sales, before to fall down at 620.000 in the 2015 and start the recovery.

A rapid expansion was driven by the implementation of the new National Automotive Plan, sponsored by the Prime Minister, called One Million Plan, aiming to double sector employment in 5 years booming export and domestic demand. The election of Macri’s government, while changed the economic policy, gave new expectations and then boost to the sector, which grown both in 2016 and 2017. Indeed, in the 2017 the market hit the second best results ever, with 892.739 sales (+29.8%).

According to the data released by the ACARA and the ADEFA, in the 2018 the market has been disappointing, as sales dropped by 11.5% closing the year at 789.820. Two distinctive events have marked this negative year: the boom in sales registered in May, with an all-time-record, and the negative trend of following months in a precarious economic environment.

However in the 2019 the huge economic crisis hardly hit the new vehicles demand and the market felt down during all the year projecting a final score below the half million units, with the worst performance in the last 15 years.

Indeed Year to Date October sales have been 408.066, down 43%.

Service Solutions

Since 2010, focus2move.com is a specialist in the automotive industry tracking monthly sales for all brands and models in the widest in the World range of countries, actually over 150. From this huge database we can extract data sorted under your own conditions and deliver historical data in excel. 

If you like to receive historical data or to subscribe at monthly update, contact us at kventura@focus2move.com and we will arrange a short video call. By showing you our database and segmentation, we can find together the best solutions for your team.

Rank 2019Rank 2018 Sales YTD 2019Sales October'+/- YTD 2019'+/- OctoberShare YTD 2019Share October
11Volkswagen59.5524.663-44,6%-32,5%15,3%16,0%
25Toyota56.8564.365-31,2%-44,2%14,6%14,9%
32Renault53.8983.648-46,9%-47,2%13,9%12,5%
43Chevrolet44.4573.287-51,5%-35,5%11,4%11,3%
54Ford44.3313.257-49,1%-39,9%11,4%11,2%
66Fiat36.4533.021-51,5%-31,3%9,4%10,3%
77Peugeot25.3081.716-55,4%-47,2%6,5%5,9%
89Nissan14.0961.087-27,0%-29,6%3,6%3,7%
98Citroen12.824903-48,8%-47,5%3,3%3,1%
1011Jeep9.331839-27,4%-14,6%2,4%2,9%
1212Honda7.926514-10,3%-25,8%2,0%1,8%
1110Mercedes7.461709-40,3%-20,1%1,9%2,4%
1314Iveco3.110240-38,9%-45,5%0,8%0,8%
1413Chery1.803105-67,8%-48,5%0,5%0,4%
1516Kia1.45167-40,9%-59,4%0,4%0,2%
1718BMW1.406144-41,7%-16,3%0,4%0,5%
1615Audi1.39395-55,9%-38,3%0,4%0,3%
1819Volvo1.12489-30,3%-28,2%0,3%0,3%
1917Hyundai91351-64,6%6,3%0,2%0,2%
2023Ram70159-11,7%20,4%0,2%0,2%
2220Lifan49233-68,8%-21,4%0,1%0,1%
2325Mini47454-30,9%17,4%0,1%0,2%
2121DS45758-36,5%-54,7%0,1%0,2%
2528Subaru36027-4,0%-15,6%0,1%0,1%
2422Dongfeng34725-55,6%-44,4%0,1%0,1%
2624Geely27710-65,1%-61,5%0,1%0,0%
2736JAC2354502,6%-89,5%0,1%0,0%
2926Baic21220-51,0%-37,5%0,1%0,1%
3032Shineray2101460,3%7,7%0,1%0,0%
2829Suzuki20521-40,4%10,5%0,1%0,1%
3134Great Wall1851276,2%-7,7%0,0%0,0%
3327Mitsubishi14020-66,3%-9,1%0,0%0,1%
3537Foton1391763,5%183,3%0,0%0,1%
3743Lexus1247
3640Haval1235
3433Alfa Romeo1178
3830Dodge604
3239Isuzu562
3938Porsche485
4135Land Rover321
4241Jaguar151
4031Smart9-
4344Maserati91
4443Ferrari4-
4542Chrysler3-
Rank 2019Rank 2018 Sales YTD 2019Sales October'+/- YTD 2019'+/- OctoberShare YTD 2019Share October
11Renault Nissan Alliance68.3444.769-43,7%-43,8%16,7%14,7%
22Volkswagen Group60.9934.763-44,9%-32,6%14,9%14,7%
36Toyota Group56.9804.372-31,0%-44,1%14,0%13,5%
43F.C.A.49.7884.172-47,2%-29,3%12,2%12,9%
54General Motors44.4573.287-51,5%-35,5%10,9%10,2%
65Ford Group44.3313.257-49,1%-39,9%10,9%10,1%
77P.S.A.38.5892.677-53,2%-47,5%9,5%8,3%
810Other19.3373.172318,1%416,6%4,7%9,8%
109Honda Motor7.926514-10,3%-25,8%1,9%1,6%
98Mercedes Daimler7.470709-41,6%-23,1%1,8%2,2%
Rank 2019Rank 2018 Sales YTD 2019Sales October'+/- YTD 2019'+/- October
11Toyota Hilux21.8671.929-27,5%-30,5%
24Chevrolet Onix14.559830-47,0%-53,1%
33Ford KA14.3901.326-47,6%-26,2%
42Toyota Etios14.273906-51,8%-57,0%
56Volkswagen Gol11.331952-49,8%-29,0%
712Volkswagen Amarok10.635929-35,5%-9,7%
108Peugeot 20810.555676-49,4%-47,2%
67Renault Kwid10.052831-48,9%-55,0%
99Renault Sandero9.956555-49,8%-49,1%
819Fiat Cronos9.598776-15,0%-58,3%

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