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Due to the effect of the blue dollar, car sales increased for the second month in the year

2020-10-31T14:20:32.179Z


In the comparison with 2019, only June and October showed an increase in patenting.10/31/2020 11:11 AM Clarín.com Economy Updated 10/31/2020 11:11 AM The soaring of the blue dollar, which had a 150% gap with the wholesale official, caused car sales to rise 13.9% in October compared to the same month last year and 6.1% compared to September , according to the data of the Association of Dealers (Acara). Amid declining sales in most sectors, the automotive industry was able to sh


10/31/2020 11:11 AM

  • Clarín.com

  • Economy

Updated 10/31/2020 11:11 AM

The soaring of the blue dollar, which had a 150% gap with the wholesale official, caused car sales to rise 13.9% in October compared to the same month last year and 6.1% compared to September , according to the data of the Association of Dealers (Acara).

Amid declining sales in most sectors, the automotive industry was able to show the highest year-on-year growth of the year this month.

The Fiat Cronos

, Toyota

Hilux

pickup

, Volkswagen

Gol

Trend,

Amarok

pickup

, also from VW, and Chevrolet Onix were the best-selling vehicles.

37,163 units were patented in October, compared to 35,014 in September.

The year-on-year comparison also shows a growth of 13.9% over last year, which made this

the second month of 2020 that grew over 2019. The other had been

June but with a much lower percentage.

The daily average of patents was very similar to last June, when the best month of the year was recorded (excluding January, which is always seasonally high).

In fact, 1,770 units were sold per business day, "although the increase in the volatility of the dollar that was seen in the last days of the month, made sales practically paralyze for more than a week, since, as occurs in this type of goods, putting a price in this context is very difficult, "Acara said in a statement.

In the first 10 months of the year, 286,695 vehicles were patented (a fall of 30.5% compared to 2019) and dealers predict that 2020 could end with a floor of 320,000 patents.

In addition, they assure that "with stimulus measures" one could think of a growing 2021. 

Ricardo Salomé, president of Acara, commented: "We finished another month with a good level of activity, in this context of a pandemic, which shows that the concessionaires are active, trying to close all the operations that are presented to us, beyond

certain uncertainty related to the replacement of units "

.

The manager added that the business of the concessionaires "has always been to sell and not speculate, that is why we constantly propose and work proposing ideas and alternatives so that the demand, which now seems to be taking pace, does not stop and we are not going to deviate from that path".

"Beyond the fact that in November and December, due to seasonality, the figures always decrease compared to October, I think it will also be two months with good movement, so today we calculate a floor of 320,000 patents for this very particular 2020. It is important to understand that if we consider some of the stimulus measures presented by the value chain, and that are being evaluated by the government, we can think of 2021 with much more optimism, "said Salomé.

The secretary of Acara, Ruben Beato, said that in the entity for next year, they are already working so that the commercial network adapts and converts itself to the new reality and current consumption habits.

"We continue to invest to streamline our sales teams because we are convinced that our sector can be the protagonist of the recovery," he said.

NE

Source: clarin

All business articles on 2020-10-31

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