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Car Sales Rebound in Argentina and Spain in 2025 as EVs Gain Ground

The return of affordable financing is credited by dealers as the main driver of the upswing.

Overview

  • Argentina closed 2025 with 612,178 new-vehicle registrations, up 47.8% year over year and the strongest total since 2018, with December at 23,997 (+10.3% y/y, -32.3% m/m), according to ACARA.
  • The Toyota Hilux was Argentina’s best-selling model with 30,768 units as Toyota led brands for a fifth year; model rankings were shaped by supply shifts, including a Brazil plant disruption affecting the Yaris.
  • Industry leaders in Argentina cite the elimination of an internal-tax tier, tariff exemptions for hybrids and EVs, the comeback of zero-rate credit, and fuller inventories—plus new Chinese entrants like BYD and BAIC—for boosting demand and price competition.
  • Pure EVs in Argentina rose from a small base to 1,279 units in 2025 (+129.6%), with 142 in December and BYD accounting for about 27% of the year’s total, while high prices, scarce charging and limited incentives still constrain adoption.
  • Spain registered 1,148,650 cars in 2025 (+12.9% y/y), with 101,628 BEVs sold (+77%) and 225,617 electrified vehicles (~19.6% share); Toyota led brands and the Dacia Sandero was the top-selling model, per ANFAC and industry groups.