The government promotes car sales in dollars and installments to boost the sector.

In a new meeting with representatives from the automotive sector, the Minister of Economy, Luis Caputo, proposed allowing the sale of vehicles directly in dollars, both in cash and in installments. The initiative seeks to boost sales in a context of peso shortage and to strengthen activity by attracting foreign currency.

The meeting, held at the Ministry of Economy, was attended by the head of the Association of Automotive Manufacturers (Adefa), Martín Zuppi, the presidents of the automakers, and the Secretary of Productive Coordination, Pablo Lavigne. There, sales projections were reviewed, sector progress was discussed, and measures to increase the industry's competitiveness were considered.

Optimism in the automotive sector

Caputo shared his assessment of the meeting on the social network X: "Excellent meeting where we analyzed how to improve the competitiveness of the industry. Sales projections are far exceeding initial expectations." He also emphasized: "I also suggested that they start offering people the possibility of paying for vehicles directly in dollars."

Meanwhile, Adefa also welcomed the possibility of dollarized sales and highlighted that the sector has the potential to support the projected economic growth through 2026. They also pointed out new investment projects that are already underway or under consideration, in line with the policies implemented by the Government.

Dollars to compensate for the lack of pesos

Sector sources explained to Infobae that the measure could encourage demand without relying on peso credit.  "Since pesos will be scarce, the Government is proposing policies to attract dollars," they commented, noting that this strategy could also sustain activity growth in a scenario of monetary tightening.

During the day, other key topics were also addressed, such as the Large Investment Incentive Regime (RIGI), export taxes, and the need to advance a common agenda to strengthen exports, especially considering that the automotive complex accounts for 65% of MOI destined for Brazil.

Rising production and better projections

The president of Adefa, Martín Zuppi, thanked the official support and presented encouraging data: "The main variables have been showing better results by the end of 2024 and better than those projected for the year." He estimated production of 620,000 units for 2025 and 88% growth in the domestic market in the first four months.

In April, car production grew by 5.8% year-on-year, with 45,479 units manufactured, compared to 42,974 in the same month last year. In turn, the increase compared to March was 9.4%, consolidating an upward trend. In the first four months of the year, 159,521 vehicles were produced, 9.1% more than in the same period of 2023.

"This performance reflects continuity in the pace of industrial activity, with production levels above last year," Zuppi concluded.