The Argentinian market (PC+LCV) fell by 10.5% in 2018
- The Argentinian automobile market (PC+LCV) fell by 10.5% in 2018, to 772,000 units, compared with 863,000 units in 2017. This market is very cyclical in the sense that it progresses for a few years before declining in the following years, under the impact of economic crises. Peak sales were reached in 2013 with a record 944,000 units, which have never been exceeded since then. One must remember that in 2005, the Argentine market had fallen to only 400,000 units. The figure recorded in 2018 (nearly 800,000 units) therefore remains one of the five best figures of the decade.
- However, for several months now, the recessionary economic situation in Argentina has been deteriorating sharply: monetary depreciation and price inflation, and adoption of an IMF economic program, thus raising the specter of the dramatic Argentine crisis of 2001. Domestic consumption is therefore in crisis and the unemployment rate is soaring. This difficult economic situation should continue in 2019.
- Most automakers ‘ sales declined in 2018, except for the Renault-Nissan group, which grew 4.9%. GM ”s sales fell the most (-13.7%). Despite Renault-Nissan's growth, the Volkswagen group remains the Argentinian market leader, with a market share of 18.9%, ahead of the Renault-Nissan groups (17.8%), GM (13.7%), Ford (12.8%), FCA (13.2%), PSA (12.2%) and Toyota (12.4%). The other manufacturers are far behind.
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