One of the unwanted effects of the dollar's rise in Argentina was the increase in the value of cars with zero kilometers and its inevitable transfer of the cost of the savings plans checked by several buyers who were immersed in this system.
Thus, car sales through savings plans will close in 2018 with a fall of 7% compared to the historical average of the patent, as was already stated due to the sharp increase in vehicle prices due to the devaluation of the weight against the dollar.
The Association of Car Dealers of Argentina (Acara) has come to the conclusion that in recent months the withdrawal of sales has been confirmed by plans to save the increased values of cars.
In the case of those who have already incurred the inconvenience, this is due to the sharp increase in the price of the quotas, since the securities are subject to the updating of the model until the clothes are definitely resolved.
In other cases, such as those who are already in a position to access the vehicle from 0 km, it goes through the price difference that exists with respect to the official value of the list – used for the plan – and the large discounts on which can be accessed by buying cash.
In Acara, as a result of this panorama, they consider that there is a delicate inaction among car companies and that "this requires them to act quickly, through options like extending the terms of purchase, to extend the bonuses of the savings plans and to improve rates in the long run . "
According to Acara's directors, the previous austerity plan is an anti-crisis product that "does not fulfill this function due to the impact of devaluation and inflation," and that therefore, in 2018 there will be a decline in this sales channel in the order of 7% of patents, will range from 35% of the total to 28% at the end of December.
Looking at 2019 in Aqara, the movement of economic and financial variables, determined in the middle of the current year, caused a decline in sales, and as a result, the sector accumulated shares of 260,000 units without sales between concessionaires and terminals.
This last number – according to managers – "represents a sale for the first 5 or 6 months of 2019". This overground action has forced carmakers to correct production cycles until the car market stabilizes, so promotional prices of vehicles will be extended during the first months of 2019. Because of this, car prices will rise again until the second half of next year, until they reach their "even price in dollars".
units 0 km. It is calculated that it is the accumulated goods of vehicles for sale. Will the promotions continue?