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 November sales were 413.212, down 45%. The new President, Alberto Fernandez, just elected at the end of October found a country in the edge of the financial disaster.
Argentina Auto Sales in 2018 collapsed – down 11.5% – after the great performance registered of previous year. Volkswagen was the market leader, while Toyota managed the first 1-2 ever with the Hilux and the Etios.
Argentina Auto Sales 2017 hit the second best level ever, improving 29.8% from the previous year. Next year outlook is still positive and the market could hit the 1 million units, for the first time. Volkswagen dominates with a save gap over Chevrolet.
Argentinian vehicles sector keeps rebounding albeit the country entered in recession in Q1 2016 and the second quarter should have been disappointing as well. Renault was leader in August.
Argentina Vehicles Industry in 2015 down 6% albeit the relevant recovery reported in the fourth quarter, immediately after the political election and the announcement of new economic policy.
In 2014 Argentina Vehicles Market collapsed with December down 43%. As effect of the harsh sales momentum, the market has lost 5 spots in the global ranking and now is the 22nd. Just Toyota & Nissan were up.