The Argentine market has grown more than twice its size since 2005
- Twenty-second largest economy and third in Latin America, Argentina has seen its car market (PC + LCV) size at least doubled since 2005, from 380,000 units in 2005 to 830,000 in 2012.
- After the severe crisis of 2001, the Argentine car market has returned to a stable and strong growth, boosted by a steady improvement in the economy (more than 8% growth on average between 2003 and 2011), a strong reduction of unemployment and a GDP per capita (17 400 USD) in "purchasing power parity" which ranked it at the top of Latin American countries.
- Affected by the global financial crisis in 2009, the Argentine economy experienced a rapid and strong recovery in 2010, as the rest of the South American continent did. The car market and evolved from 630,000 units in 2010 to 815,000 in 2011 and 830,000 in 2012. Note that Argentina imports nearly half of its new vehicles from abroad, mainly from Brazil.
- With a of volume of more than 800,000 units per year, these Argentine levels are similar to those of the 90s.
- Per carmaker, the VW group is the leader of the Argentine market, with a share of 22.7% in 2012, ahead of GM (18.9%), Renault-Nissan (15.2%), PSA (14 , 7%), Ford (12.4%) and Fiat-Chrysler (10.0%).
Data source: File #55 - Registrations in the World by makes
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