Car prices in Argentina significantly more than Latam neighbors
With inflation and the rising cost of raw materials, vehicle prices in Latin America are quite high but the country which looks to be leading in this aspect is Argentina with prices at some 50% more than its neighbors.
In comparison to Brazil, Mexico, and Chile, Argentina has the most expensive entry level car when calculating prices in US dollars, local news business news service Jornal Ambito Financiero reported.
Two of the least expensive models in Argentina - Fiat Mobi and Toyota Etios – have a consumer (non-fleet) price of US$19,000. The same car is only US$11,653 in Mexico and US$12,900 in Brazil, the latter also having the Renault Kwid which is approximately US$12,500.
In Chile, the least expensive model is the Suzuki Alto and it is only US$8,500, ironically in a country where no automakers have factories.
Just for comparison, the report also mentioned that the least expensive model on offer in the United States is the Chevrolet Spark (US$13,600) and in Spain, it is the Dacia Sandero (US$13,100).