The Argentine market is down 50.4% in the first half of 2019
- Argentina is gradually sinking into a serious and lasting economic crisis, dragging all automotive-related industries into its wake. This crisis is linked to an over-indebtedness of both the State and individual households.
- The Argentinean automobile market (PC+LCV) collapsed by 50.4% in the first half of 2019, compared to the first half of 2018, to 235,834 units (compared to 475,884 the previous year). This unfavorable trend in the Argentine market is reminiscent of the crisis of the early 2000s, which was exceptional in its scale. The Argentine market had then gone from 300,000 units per year to 100,000 per year in two years. Gradually, the Argentine market had gradually recovered to reach nearly one million units in 2013, but since then, it has been losing ground. Nonetheless, it was close to 775,000 units in 2018.
- Which manufacturers lost the most sales in the first half of 2019?
- The most affected are GM (-60.0%), PSA (-58.1%), Ford (-52.7%), Volkswagen (-52.5%) and Renault-Nissan (-47.0%).
- However, the Renault-Nissan group remains the leader in Argentina, ahead of Volkswagen, Toyota, Ford, FCA, GM and PSA.
- The other OEMS are far behind these seven manufacturers (which account for 93% of registrations). There are several Chinese manufacturers (Chery, Lifan, Geely, Dongfeng, Great Wall) who are trying to enter this market, but the volume of all Chinese does not exceed 1% of the market. It is also interesting to note that SUVs have not yet made inroads in Argentina, since their market share does not exceed 19% while pick-ups reach 13%. Sedans are still the majority (61%).
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