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Argentina Auto Financing Hits 2025 Low in October Across New and Used Sales

SIOMAA blames pre‑election macro uncertainty for the sharp month‑to‑month pullback in credit participation.

Overview

  • A total of 32,540 pledged financings were registered in October, equal to roughly 15% of vehicle transactions.
  • For 0km vehicles, purchases fell 7.1% from September while prendas dropped 13.1%, taking participation down to 43.1%, the year’s low.
  • In used vehicles, prenda participation slipped to 6.0% as transfers declined 3.1% and secured loans fell 15.4% month to month.
  • Bank-originated operations contracted 20.2% in October, while non‑bank financial companies declined 2.1%.
  • Despite October’s trough, 2025 still shows strong accumulated growth in prendas and sales, with the sector looking for post‑election clarity on a potential rebound.