1/1/2024 0 Comments Argen auto sales![]() ![]() Due to lower margins, dealers of mass-market brands are more affected than premium-brand outlets. ![]() This endangers the survival of 20-40 percent of all dealerships, depending on the market and brand. Our studies and interviews reveal significant financial distress among dealerships: in most impacted markets, about 80 percent of dealers are expected to report losses in 2020, and a percentage are at risk of default. Lockdowns and sluggish demand in the current recession will seriously affect the entire automotive supply chain, including retailers, for the next two to three years. The COVID-19 crisis is causing an unprecedented contraction in car sales across Europe: car sales in 2020 are expected to be down to three-quarters of 2019 volumes.ĬOVID-19 will negatively affect sales volumes for years – many dealers will fight for financial survival Europe’s new-car business collapsed from February to May 2020, with 20-30% less sales expected for the year OEMs must take this unique chance for bold actions to change the distribution model. This is the time to accelerate change processes by reviewing and adapting strategies and investment plans, although financial resources will be limited over the next years. Ongoing transformations such as EV sales, new car ownership models, process digitalization, and new sales models will challenge financially weakened retailers even more. ![]() Regarding heavy vehicles, Colombia, Paraguay and Ecuador showed to largest increases in sales (76.1%, 24.6%, and 22.5% respectively) while Venezuela and Argentina registered interannual decreases in sales in the month of January of 100% and 4.0%, respectively.Īccording to AEADE, last month in Argentina 2,137 heavy vehicles and 41,119 light vehicles were sold, for a total of 43,256 units.įor its part, a study by the Association of Automotive Dealers (Acara) released Saturday pointed out 60% of the new vehicles sold in Argentina were of national origin, 31% imported from Brazil and the rest stemmed from various markets.Īcara also said the number of vehicles sold during February reached 28,928 units, which represented a 5.1% decrease compared to the 30,483 registered in the same month last year.The effects of the COVID-19 crisis on automotive markets highlight the fragility of the traditional car distribution system and intensify the existing need for change. ”Within the light vehicle segment, Brazil, Argentina and Uruguay reported the largest year-on-year decreases in sales recorded in January (28.2%, 13.4% and 8.6% respectively), indicated the survey, while Venezuela, Paraguay and Chile reported an increase in their sales in January of 148.1%, 51.2%, and 49.2% respectively, when compared to the same month last year.” The document released last Friday also revealed Venezuela and Paraguay had recorded growths in sales of 143.6% and 49.6%, respectively, when compared to the same month of 2021. The report drafted by the Association of Automotive Companies of Ecuador (AEADE) on the regional automotive market with data from ten automotive markets of 10 Latin American countries -Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay, and Venezuela- said last month Brazil and Argentina had reported the largest negative variations in vehicle sales: -26.1% and -13.0%, respectively. This drop can be largely attributed to a fall in sales from countries which supply a great deal of in the region, particularly Brazil and Argentina. The Latin American automotive market showed an overall decrease of 9.2% against the same month of 2021. Vehicle sales slumped the most in Argentina and Brazil of all Latin American countries during January, according to a report with data for ten nations in the region.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |