Argentina automobile market down double digits in 2019
Argentina vehicle production in 2019 dropped 32.5% year-over-year to 314,787 units, owing to a struggling economy and weak vehicle sales throughout the year.
Despite second semester performance being better than the first semester, dealership sales fell 45.5% year-over-year to 372,474 units and exports dropped 16.7% to 224,248 units. Exports were mostly supported by Brazil which received 67% of the vehicles. Other regions receiving most of the exports were Central America, Peru and Chile.
Passenger vehicles took a slightly harder hit than heavy utility vehicles. Production of passenger cars slid 48% to 108,364 units and dealership sales dropped 47% to 282,299 units, according to local vehicle manufacturers association Adefa.
Meanwhile, the country’s car dealership association Acafa reported 459,592 new vehicle registrations last year, down 42.7% from 2018.