It takes 36.2 months of wages to buy a new car

According to a report prepared by the Association of Automobile Dealers (Acara), the increase in the price of cars registered in the last year at a rate higher than inflation and the evolution of the exchange rate, generated that in April a worker needed at least an amount equivalent to 36.2 months of wages to be able to buy a vehicle 0 kilometer. To make the calculation, the value of a small car model that last month was $ 2,687,809 and an average salary of $ 74,295 was taken into account, taking as a reference the Labor Contract Law.In April, the average price of 0 Km registered an increase of 5%, similar to the rise that has been taking place in the industry in the last two years, in most cases exceeding the retail price variation index measured by INDEC. According to Acara, although in the year it accompanied on average the rise in prices of the rest of the economy, in the last 12 mobile months the value of the reference model taken for the calculation showed an increase of 71%, while in salaries the accumulated until last March was 55.1%.” So far this year, in January 31.5 salaries were required for the purchase of a 0 Km unit, in February 32.8 salaries and in March 34.5 assets, accompanying the inflationary acceleration, “said sources of the entity. In addition, they indicated that the need for savings “increased by 38% in recent months.” The evolution of this variable began to deepen in the last 24 months, since in April 2020 it took 17 average salaries to buy a 0 Km, less than half of what is required today. On the other hand, it was highlighted that the average ticket of a new vehicle went, according to list prices, from $ 2,437,922 in February, to $ 2,559,818 in March, and to $ 2,687,809 in April. In the same mobile quarter, the official exchange rate rose by 4% and 26% in the last 12 months; while the parallel exchange rate did so by 2% and 44% respectively. Faced with these figures, sources from the national terminals expressed that the industry has been applying increases in their prices month by month between 4 and 7% depending on the range of the models.

Original source in Spanish