The new cars dropped by 26.5% in relative terms between November 2023 and June 2026, according to a report prepared by the consulting firm Econométrica. The study attributes this decline to the elimination of taxes and increased competition in the automotive market.
The analysis, conducted by economist Ramiro Castiñeira, crosses the price index from Acara with the Consumer Price Index from INDEC. In this way, it compares the evolution of vehicle prices against the rest of the goods in the economy.
How the report on car prices was conducted
According to Econométrica, the work uses the vehicle price index developed by Acara and compares it with the inflation index published by INDEC.
The goal is not to measure the nominal prices of cars, but their evolution relative to the general price level. For this reason, the report speaks of a decrease in relative terms and not a nominal reduction in values.
What Econométrica concluded about new cars
The intersection of both indicators shows that new cars increased 26% less than the average of other goods between November 2023 and June 2026.
According to Ramiro Castiñeira, this means that new vehicles are now 26% cheaper in relative terms than they were three years ago.
What factors explain the relative decline of cars
The report states that one of the main reasons was the elimination of various taxes on vehicles since the assumption of the Government of Javier Milei.
