translated from Spanish: July 0km plan: new car sales grow by 60%

After a half-year showing the worst numbers in the last 13 years of the local auto market, the last 45 days show completely different behavior. From the Association of Auto Dealers of the Argentine Republic (ACARA) they reported that incentive schemes printed in the concessionaires a 60.7% increase in the patenting of vehicles included in the plan, in the first 18 days of the present month. As of June, the average daily patenting for passenger cars had grown 47.9% from May levels, with a daily average of 1,037 operations. In the first 18 days of July, the same car segment (the discount plan does not reach pickups or utility vehicles) is growing 60.7% compared to the same period in June, with a record of 1,504 operations per day.” Undoubtedly the plan is consolidating, causing stocks to fall at terminals and dealerships and production lines to resume normal activity in the medium term,” said Ricardo Salomé, president of ACARA.” Our concessionaires are seeing a doubling of consultations, which would seem to be the beginning of a virtuous cycle,” he added. The owner of the entity concluded by remarking that “concessionaires and brands will have to take advantage of these last days of the July 0km plan to be an important starter for the month of August”. For the total market, the first 18 days of July show a record of 25,561, representing an increase of 47.8% compared to the same period in June (15,946), but showing a decrease of 30.4% compared to what was recorded in July 2018.In this note :

Original source in Spanish