Automotive sector latest publications
New vehicle sales went up 5% in 4Q20 from the previous quarter to 16.2 million units. For 2020, sales declined 14.7% to 14.5 million units, the lowest since 2012. Resilient demand and tighter supply has significantly boosted prices in both the used and new-vehicle segments.
In a critical macroeconomic context deepened by the COVID-19 crisis, the Argentine automotive industry was one of the sectors that suffered most from the lockdown. However, exchange rate tensions and inflation expectations boosted vehicle sales. By 2021, we forecast a weak market recovery.
Sales of new vehicles have experienced a v-shaped recovery, increasing 36% in 3Q20 from the previous quarter. However, levels were 10% below the same quarter of the previous year. We expect total new vehicle sales to reach 14.5 million units in 2020, the lowest since 2012.
New vehicle sales were stronger than expected in 2Q, resulting in an upward revision to our annual forecast. However, sales were still 33.7% below the levels observed in 2Q19, the worst decline since 2Q09.
The automotive market was unable to recover from the sharp fall in 2018 due to the exchange and financial tensions that occurred during 2019, the loss of purchasing power and a significantly astringent monetary policy.
Solid but stable new vehicle sales through 3Q19. A robust supply of “off-leasing” units and access to credit support sales of used vehicles. Consumer credit remains healthy, although delinquencies keep growing.
Domestic trucks, SUVs, and minivans experienced the greatest rise in sales as a result of low gas prices and low interest rates. After winter weather subsided, auto sales surged in the later part of the first quarter, and then stabilized in April. The large majority of brands experienced a year over year pick-up in sales co…
Jornada After Market Club, Madrid (marzo de 2015)