Dietrich admitted that he made record profits due to the stocks and restrictions

The director of the Dietrich Group, Guillermo Dietrich, left one of the strongest definitions of the functioning of the automotive market during the last years of Kirchnerism. In an interview, he stated that “we never had such profitability as with Massa” and said that between 2019 and 2023 the best results in the history of his company were recorded

The businessman and former Minister of Transport during Macrismo explained that these levels of profit were a direct consequence of the exchange rate stocks and restrictions on imports. As he explained, the scheme generated a closed market, with a shortage of products and a strong price distortion

.

During the exchange, the show's driver asked him if they had ever had similar returns, suggesting that they “took it with a shovel”.

Dietrich replied that there was a very high return per product, in a context where market conditions greatly favored dealers

The central point of his explanation was the impact on consumers. Dealerships bought vehicles for official dollars, but then sold them at overprices in the local market, taking advantage of the lack of supply and restrictions on importing. This allowed for extraordinary margins that do not respond to normal competitive conditions.

.

During the exchange, the show's driver asked him if they had ever had similar returns, suggesting that they “took it with a shovel”.

Dietrich replied that there was a very high return per product, in a context where market conditions greatly favored dealers

The testimony was quickly taken up on social networks by the Minister of Economy, Luis Caputo, who used the case to question the Kirchner economic model. The official argued that it was not a pro company or a pro market scheme, but one that favored certain entrepreneurs while harming

the final consumer.

Along these lines, he warned that product shortages and restrictions resulted in inflated prices, which could multiply several times compared to their real value. In addition, he stressed that these types of distortions are typical of closed economies, where the lack of competition allows excessive costs to be transferred to the

public.

Even President Javier Milei himself echoed the statements and shared the fragment on his social networks. In his publication, the president wrote: “In the end Milei was right... No more words Mr. Judge. VLLC! ”, in support of the diagnosis presented by the businessman.

The President's message was given in line with the Government's interpretation of the functioning of the failed Kirchner economic model, which they point to as responsible for having generated distortions in different markets through the exchange rate stocks and restrictions on imports.

Dietrich admitted that he made record profits due to the stocks and restrictions

Dietrich admitted that he made record profits due to the stocks and restrictions

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