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Argentina’s Car Sales Cool as Mexico’s Heavy‑Vehicle Sector Plunges in August

Industry leaders cite currency shocks and costly credit in Argentina, urging fleet‑renewal support in Mexico.

Overview

  • Argentina recorded 167,525 used‑car transfers in August, down 5.05% year on year and 6.6% from July, though January–August sales rose 15.08% to 1,265,292 units, according to the CCA.
  • New‑vehicle registrations in Argentina totaled 54,664 in August, a 13% drop from July but 31.7% above a year earlier, as dealers pointed to election uncertainty, dollar volatility and high bank rates for delayed purchases.
  • Automakers in Argentina adjusted price lists after the currency swing, with reported increases including Stellantis (5–7%), Ford (3%) and Toyota (3.5%), while dealers reported healthy stock and steady interest shifting to caution.
  • In Mexico’s light‑vehicle segment, August production slipped 0.78% to 349,856 units and exports rose 1.41% to 296,796, with year‑to‑date output up 0.52% and exports down 1.02%, INEGI data show.
  • Mexico’s heavy‑vehicle industry suffered steep declines in August—production fell 62.4% to 8,187 units, exports 59.4% to 6,605 and wholesale sales 59.8%—prompting ANPACT to call for financing and incentives to accelerate fleet renewal.