The sales of used cars in Argentina showed a slight drop in September compared to the previous month, although they maintain a positive trend compared to the same month last year. According to the latest data provided by the Chamber of Automotive Commerce (CCA)In September, 162,515 used vehicles were sold, which represents a decrease of 7.89% compared to August, when 176,435 units were sold. However, the figure is 13.01% higher than that recorded in the same month last year, when 143,807 cars were sold.
So far this year, between January and September, 1,262,016 used vehicles have been sold, which implies a marginal growth of 0.28% compared to the same period last year, when 1,258,507 units were sold. This slight rebound has been celebrated by industry leaders, who attribute this trend to a combination of economic and a greater offer available on the market.
Alejandro Lamas, secretary of the CCAcommented on the matter: “Until June, the market had ups and downs, but July surprised us with nationwide sales that were a historical record. since there are records. August was also an excellent month, and September showed that demand remains at significant volumes for the current market.”
The good performance of the market used cars so far this year responds to several key factors. Lamas highlighted the stability of vehicle prices and the improvement in financing conditions as elements that have allowed demand to be sustained in a challenging economic context. Added to this is a greater availability of units on the market, which has allowed more buyers to access vehicles that fit their needs and budgets.
Another determining factor has been the relative stability of some macroeconomic variables and less state intervention in terms of regulations. In this sense, Lamas explained that “in addition to the stability of the macroeconomic variables, we can attribute this small takeoff to having more product supply available, better financing rates and fewer regulations, both economic and registration.”
However, it is not all growth. The sales of used cars in some provinces have shown significant falls so far this year. Among the most affected are Formosawhich registered a drop of 18.37%, and Missionswith a decrease of 12.17%. Other provinces with notable drops in sales are Jujuy (-10,43%), Rioja (-10,13%) y Santiago del Estero (-7,41%).
On the other hand, Some provinces managed to stand out for their growth in used car sales between January and September. Mendoza leads the ranking with an increase of 4%, followed by Holy Cross (3,53%), Neuquen (3,47%) y Santa Fe (3,14%).
The used car market in Argentina It has certain models that have established themselves as buyers’ favorites. As in previous months, the Volkswagen Gol, in its different versions, continues to be the best-selling car in the country. In September, 10,625 units of this model were sold, remaining the undisputed leader in the used car segment.
Secondly, there appears Toyota Hiluxwhich has also maintained a strong prominence, with 7,048 units sold. This model is especially in demand in provinces with economies linked to agricultural production and industrial activities, where pick-ups are widely accepted.
Third place on the podium goes to Chevrolet Corsa y Classicwith 5,775 units sold in September. This model, which for years was one of the best sellers in its 0 km version, continues to be an attractive option in the used market due to its reliability and low maintenance cost.
Below is the complete ranking of the 10 best-selling used cars in September 2024:
- VW Gol and Trend: 10,625 units
- Toyota Hilux: 7,048 units
- Chevrolet Corsa y Classic: 5,775 units
- VW Amarok: 4,960 units
- Ford Ranger: 4,913 units
- Toyota Corolla: 4,161 units
- Renault Clio: 4,137 units
- Ford Fiesta: 3,710 units
- Ford EcoSport: 3,660 units
- Peugeot 208: 3,613 units
This listing reflects buyers’ preferenceswho mostly opt for reliable vehicles with affordable spare parts, in addition to the popularity of pick-ups in certain regions of the country.
With three months remaining until the end of 2024, the used car market It continues to show signs of strength, although with certain uncertainties regarding what may happen in the last quarter. “When accounting for September we are pleased to see growth with respect to the same month in 2023, but also that the figures for the January-September period have already been exceeded compared to the same period last year,” he explained. Lamas.
However, the macroeconomic situation of the country could influence market behavior in the coming months. The evolution of the dollarinflation and interest rates will be determining factors for the stability of sales of used cars. However, since the CCA They are optimistic about the possibility of the sector continuing its recovery, as long as certain favorable conditions remain, such as greater supply and stable prices.