During the first ten months of the year, a 55.1% increase was recorded compared to the same period in 2023
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The registration of brand-new vehicles in Argentina recorded a year-on-year growth of 16.9% during October, an increase of 7,509 units, reaching a total of 51,982, according to the report released by the Association of Automotive Dealers of the Argentine Republic (ACARA).
In the first ten months of the year, 552,484 vehicles were registered, which represents a 55.1% increase compared to the same period in 2023, when 356,230 units were recorded. This result consolidates the recovery of the automotive market thanks to the stability achieved by the Government of Javier Milei, greater stability in supply, and a reactivation of consumption in certain segments.
Efecto Milei: La venta de autos creció 16,9% interanual en octubre
The president of ACARA, Sebastián Beato, highlighted the strength of the activity despite a sensitive political context and attributed part of the rebound to the reaction of consumers after the elections: “During this last week we've had a lot of activity in our dealerships; evidently, Sunday's result encouraged many clients to inquire and complete their transactions, which is why we see that October keeps the strong year-on-year growth that has accompanied us.”
Looking ahead to the end of the year, Beato was optimistic and stated that the “upward market momentum continues,” which would allow 2023 to close with a solid baseline to also project an encouraging start to 2024.
El presidente Javier Milei.
Toyota leads the sales ranking
In the breakdown by brand, Toyota remained at the forefront of the market with 7,682 units registered in October. Volkswagen followed (7,271), Fiat (5,492), Ford (5,054), Renault (4,784), Chevrolet (4,237), Peugeot (4,103), Citroën (1,985), Jeep (1,809), and Nissan (1,412).
The ranking of best-selling models saw some changes. The Toyota Hilux regained the lead with 2,523 units, displacing the Toyota Yaris (2,253), which ranked second.
The Peugeot 208, with 2,232 registrations, completed the podium after climbing five positions compared to September. The following positions were occupied by the Ford Ranger (2,031), the Fiat Cronos (1,844), the Ford Territory (1,709), the Volkswagen Amarok (1,619), the Chevrolet Tracker (1,532), the Volkswagen Polo (1,460), and the Volkswagen Tera (1,347).
With these figures, the Argentine automotive sector consolidates a year of strong recovery, driven by commercial dynamism, the introduction of new models, and economic stability.
