Savings plans are the most sought after despite delivery delays Photo: José Gutierrezi / Los Andes
In Argentina, the most common way to buy a car is by Cash. six out of ten the transactions are in cash, although the options of financing They are gaining more and more importance due to the loss of purchasing power.
This trend occurs for both new and used vehicles, even though they account for just 12% of buy / sell transactions so far this year.
The Association of Automobile Dealers of the Argentine Republic (ACARA) reported that they registered in May 20,028 vehicles through this medium; 11.5% of total sales. Of this total, 12,697 (63%) correspond to clothing on 0 km vehicles and the other 7,331 (37%) to used vehicles.
Renault leads the 2022 financing sales ranking.
The tool most used by Argentine consumers continues to be the Savings plandespite there are serious delays in deliveries of vehicles already awarded.
In May, 6,852 animals were registered through this tool (34% of all animals and 54% of those registered beyond km 0).
Km 0 and used cars
Last month 12,697 vehicles 0 km they have been patented through financing instruments. This figure represents an increase of 44.3% compared to 2021 (8,799) and 1.4% compared to April 2022.
In May, sales by savings plan were 6,852.
These patents represented 35.9% of total sales (35,331), while in May last year the figure was around 38.4%, but with much lower sales.
The savings plans in this case are more than half of the market (54%). More than two years ago, when there were promotions for the purchase of km 0, subscribers to the plan suffered when they saw how these discounts were not applied to their monthly installments, since that value is linked to the list price.
And now, the savings plan has become an alternative, to avoid excessive prices by making offers in advance installments.
About used vehiclesin May they signed up 7,331 head87% more than 3,921 in 2021 and 0.9% more than in April.
Fiat, in second place among the brands that sell the most for financing systems. Photo Maxi Failla
So far this year they have signed up 34,831 head on used vehicles, which represents only 5.4% of total sales in the period.
Banks are the most active credit units in this market, accounting for 52.2% of total head. In second place are private financial companies (19.7%) and in third place are those of car companies (8.7%).
Renault is the most sought after brand with this method, as 57.7% of January-May sales were funded. In second place is Fiat (52.3%) and Peugeot closes the podium (48.6%).
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Source: Clarin
