Argentinian Car Market (PC + LUV) 2017
- The Argentine automotive market (PC + LUV) had an outstanding year 2017, with a 31.4% increase compared to 2016. The number of registrations reached 864,000 units, compared to 657,000 in 2016.
- The peak of 2013 (900,000 annual units) was not exceeded in 2017 but given the figures of January 2018, it is possible that this will happen by the end of this year. Inovev expects continued growth in 2018, but at a slower pace than in 2017. It should be noted that the rise in the Argentinian market in 2017 follows a first year of growth in 2016 after two years of decline ( 2014-2015) in parallel with the Brazilian market. The Argentine market is thus gradually returning to its natural level.
- All major manufacturers saw their sales increase in 2017. The strongest increases were those observed at Chery (+ 91.5%), Honda (+ 83.3%), Daimler (+ 47.4%), FCA (+ 39.3%) and Volkswagen (+ 36.6%). The growth recorded at Ford (+ 28.3%), Renault-Nissan (+ 26.3%), GM (+ 26.3%), PSA (+ 25.4%) and Toyota (+ 22.4%) are among the weakest ...
- The leader of the Argentinian market in 2017 remains the Volkswagen group (16.9% of market share) ahead of Renault-Nissan (15.2%), GM (14.2%), Ford (12.7%), FCA (12.2%), PSA (12.2%) and Toyota (10.5%). Other manufacturers are far behind, making up less than 2.5% of the market.
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