Prices rose and sales of used cars dropped 10.5% in March

Share This Post

- Advertisement -

Prices rose and sales of used cars dropped 10.5% in March

Used car prices are experiencing an upward cycle and that means fewer sales

- Advertisement -

The shrinking supply in the 0 km car market is also affecting the used car market. In March, though 15% more sold compared to last month, the volume of operations dropped by 10.5% compared to what was seen last year.

- Advertisement -

In the first quarter of the year, a total of 379,659 units were sold, representing a decrease of 8.41% compared to the first three months of 2021. The data matches the monthly report produced by Automotive Chamber of Commerce (CCA), identified that the main reason for the decline in operations was related to the lack of supply in the market for new vehicles.

Albert Prince, president of the business group, explained that “what we are experiencing today is a multi-causal problem, but most important is the lack of supply. If people can’t reach a 0km, go for the latest used you can and it raises its price which people are willing to pay ”.

“Putting the ceiling in used is the same new product. Things like this happen in a crooked market“, added the manager, who understands that” in general, the public who buy their 0 km includes a used five year old at most. Now that segment is missing because there are no new cars. Because it is lacking, when someone enters the market there are ten people who want to buy it “.

Thus, there is a gap in prices: due to the low availability of new vehicles, some second-hand models have gotten more than the cost of a 0 KM car.

But this is not a dynamic that happens only in Argentina. On the subject of cars, “the world has never been more complex than it is today. In 2021, 66,700,000 0km vehicles were sold, while in 2018 nearly 100 million were sold. In between, there was a pandemic that changed plans for to all., “explains Príncipe, making sure that at present, in all countries, the used ones have an upward cycle.

Ang VW Gol and Trend top the list of best sellers within those used in March, with 8,745 units. They complied the Chevrolet Corsa and Classic, with 5,052 operations, the Toyota Hilux, model representing 4,282 sales, and the Renault Clio, with a total of 3,367 operations.

From a territorial perspective, the province of Formosa was where the most used cars were sold last month, when operations jumped more than 41%. To a lesser extent, Santa Cruz and Corrientes completed the podium, with increases of 7.69% and 1.11%, respectively, compared to what they registered in February.

On the other extreme, Chubut, Tierra del Fuego and Mendoza were the provinces where the sale of used vehicles suffered the most.

The shortage of dollars and the lock on imports had a full impact on the supply of new vehicles. Despite the fact that in March the patenting of 0 km increased by 17.7% compared to the previous month, with 34,302 units sold; Sales were 7% lower than registered a year ago, when operations included 36,881 units. according to ACARA data.

Patenting of new vehicles showed a decrease of 8.6% compared to what was seen from January to March last year.

Source: Clarin

- Advertisement -

Related Posts

Darío Barassi’s strong reflection after surgery: “The car was damaged”

After being subjected to A surgery, Dario Barassi (40)...

The recession is behind the unprecedented behavior of inflation in March

Although March is a seasonally high month in terms...

The photo of Neymar with David Beckham that sparked enthusiasm at Inter Miami: can MSN return?

Neymar, who injured the anterior cruciate ligament and meniscus...

How to use a popular herb to relieve varicose veins and leg fatigue

In a complete treatment to activate the circulation of...