Argentina | Automotive Situation

The automotive market was unable to recover from the sharp fall in 2018 due to the exchange and financial tensions that occurred during 2019, the loss of purchasing power and a significantly astringent monetary policy.

Key points

• Key points:
• Automobile production has prolonged its decline in 2019 despite the implementation of plans by the government to sustain the industry.
• The reduction in real wages significantly worsened accessibility to motor vehicles.
• The outlook for 2020 is not very encouraging, as vehicle sales would remain at levels similar to those of 2019.

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