The Argentinian market (PC + LUV) fell by 26.4% in 2020
- The Argentinian automotive market for light vehicles (passenger - PCs and light utility vehicles - LUVs) fell by 26.4% in 2020, to 323,692 units against 440,000 in 2019.
- The Argentinian market had already experienced a drop in registrations in 2018 and especially in 2019, due to a serious economic crisis. After declining 43% in 2019, the Argentinian market fell again by 26.4% in 2020 due to the Covid crisis. The last year market returned to the level of the early 2000s (300,000 sales), while the peak of 2013 reached a volume three times higher (900,000 sales).
- In this context, the carmakers are suffering waiting for a hypothetical increase of sales. The Volkswagen group (-13.6%) becomes the leader of a shrunken Argentinian market, with a market share of 18.5%, taking over the Renault-Nissan group which falls by 31.3% and now only holds 16,4% of the market. Following are the groups FCA (-9.7%; 14.5% of market share), Toyota (-32.6%; 13%), GM (-30.7%; 10.4%), PSA (-23.3%; 10.1%) and Ford (-35.9%; 9.7%) which seems to moving back from the South American market as a whole, too sensitive to disturbances.
- SUV sales have grown from 17% of the Argentinian market in 2019 to 19% in 2020, a figure much lower than that achieved by most of the major markets.
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