New car transactions often include the delivery of a used car as part of the payment. As there is not a lot of 0 km stock, there are fewer second-hand ones in agencies

The purchase and sale of Used vehicles it continues to be one of the parameters that the automotive sector measures to identify the market trend. Contrary to popular belief, the number of used vehicle transactions, It is closely related to kilometer zeroat least at certain times or periods in the evolution of the Argentine economy.

According to Automotive Chamber of Commerce of the Republic of Argentina, during the month of February the number of used vehicle sales fell significantly compared to the same month last year. By 2022, 121,553 units had been transferred, and this year that number has dropped to 111,584 cars. The drop is all the more worrying as January of this year had been exceptionally better than January 2022, which allows that in the average of the first two months of 2023, the figures exceed the same parameter of last year by 2.19%. January and February 2022 saw 239,411 transactions, while this year there were a total of 244,657 second-hand sales.

“We started 2023 with hope, but when assessing the behavior of the used car market during the month of February, again we see a warning light. Although we know that historically this is a month in which sales fall, we are concerned that the figures will be lower than the years 2022 (121,658 units) and 2021 (125,698 units),” he said. Alexander Lamassecretary of the CEC in the February report.

The first two months of 2023 is slightly better than 2022, but February was 16.15% worse than January. Last year, the second month had passed January
The first two months of 2023 is slightly better than 2022, but February was 16.15% worse than January. Last year, the second month had passed January

The relationship with the car sales at kilometer zero have a direct influence on this drop in activity, Since there is no inventory at most car terminals, zero mile car trades which are conducted against used car delivery, have decreased significantly.

“January and February are historically two good months because people don’t buy a zero mile car in December so as not to lose a year if they don’t patent it in January or February. It’s historic, it’s always been like this,” he said. Marcelo Vallon, owner of a multi-brand concession in the western area of ​​Greater Buenos Aires. “But what’s happening now is people can’t close new car buying deals where a used car is delivered as part of the payment because there aren’t enough zero kilometer deliveries in the market. increases up to 20 or 25% to ensure the delivery of the new car and then many wait for the market to normalize to complete the operation,” he adds.

Agencies that have used the stock have been able to sell at normal February values, but many are dependent on units being delivered as part of a 0km payment
Agencies that have used the stock have been able to sell at normal February values, but many are relying on the delivery of units as part of a 0km payment

“Who has a stock of used cars, resells them at the same price than previous years or maybe even more. A good used car from three years ago, which may have between 20,000 and 30,000 kilometres, is a great opportunity. It’s still a new, lightly used car with the same technology as most 2023 cars, but it costs two million pesos less. the difference is huge between a new second-hand car and a car with zero kilometres”, finally declares Vallone.

From the Automotive Chamber of Commerce, they agree with the diagnosis. Alejandro Lamas explains that “the underlying issues which we have suffered since the pandemic, for the most part persist: for example, the problems of stock, logistics, manufacturing and lack of supply, which are not only national but many of which are global. Also, we must point out that the financing offered by the market for the purchase of a used vehicle it is practically impossible for the consumer’s pocket”.

The noble Volkswagen Gol, which said goodbye to the new car market, remains the comfortable leader of the used sales table
The noble Volkswagen Gol, which said goodbye to the new car market, remains the comfortable leader of the used sales table

As for the automobiles themselves, in the month of February again the Volkswagen Gol and Gol Tendance transactions scanned, closing 6,963 transactions, representing 22% of the total used. THE Chevrolet Corsa and Classic they remain in second place with almost half, 3,818 sales, or 12%.

Third, and leader in the used van market, the Toyota Hilux emulates the performance of zero-mile trucks, and is the most chosen for the occasion with 3,341 units, ahead of three compact cars that have a choice value for buyers quite similar to each other, such as the RenaultClioof which 2,892 cars were sold, the Ford Fiesta with 2,587, and the Fiat Paliowhich closed operations for 2,502 used units.

He Ford EcoSport is seventh on the list and the best-selling used SUV in February with 2,468 vehicles transferred, while the pickup Ford Ranger It is eighth overall with 2,338 units, ahead of two other products from the same brand: the THE and its 2,253, and the 2,249 sold from the sedan Focus.

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