The Association of Automotive Dealers of the Argentine Republic (ACARA) disseminated data through the Online Information System of the Automotive Market of Argentina (SIOMAA), revealing that in May 2024, 24,634 vehicles were patented through financing.
This figure represented a year-on-year increase of 5.3%, although there was a cumulative drop of 15.1% in the period from January to May.
Compared to April, it increased by 12.3% month-on-month, according to the latest ACARA report. This was one of the highest in recent years, representing 13.3% of all new and used vehicle purchase and sale transactions during the month.
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{{msg}} {{msg}}Of these operations, just over half (56.5%) corresponded to registrations of 0km vehicles, while the remaining 43.5% were carried out on used units.
May was the second month of the year with growth compared to the previous month for operations with 0km, and the first month with increases in operations with used vehicles.
13,908 items were registered to finance purchases of 0km vehicles. Of these, 8,044 (58%) were made through the Savings Plan channel, and 2,016 (15%) were bank deposits. Brand finance companies participated with 25% of the items over 0km, and the rest was distributed among dealerships (2%) and other entities.
Regarding used vehicle claims, the 10,726 registrations registered in May were the highest of the year and even the highest in the last 17 months. This represents an increase of 24.4% compared to May 2023 and an increase of 60% compared to last April.
All of the highest-volume brands are financing a larger portion of their sales compared to last year. (NA)
