The Argentine passenger vehicle market increases by 8.4% in 2022 compared to 2021
- The Argentinian passenger car market reached 260,847 units in 2022 compared to 240,676 in 2021, which represents an increase of 8.4%, but these figures are much lower than those of the years 2017-2018 which had exceeded 600,000 units per year and even more to those of the years 2011-2013 which had exceeded 700,000 units per year.
- The Argentinian market remains at the bottom of the wave, despite a slight progress recorded in 2021 and 2022, but the fall in registrations was such between 2018 and 2020 (- 400,000 vehicles in two years) that it will be difficult to quickly get back to the best levels of sales. Argentina regularly experiences economic crises that seriously disrupt the automotive market. In 2021 and 2022, we are practically back to the very low levels of the early 2000s.
- In this difficult and uncertain context, the Stellantis group is well ahead of all its competitors on the Argentinian market, with a market share of 39%, held mainly by Fiat, which has been a very long-standing player in the country, but also helped by Peugeot and Citroën, which arrived much later. In second place, the Toyota group occupies 22% of the Argentine market, which marks progress compared to previous years, as the Japanese carmakers arrived very late in South America. The Renault-Nissan group follows with a 13% market share (IKA Renault was already present on this market in the 1960s).
- The GM group (10%) and the VW group (10%) follow. As in Brazil, we note the nearly end of the Ford group (4%) which was once a major player in this market. Korean and Chinese carmakers are making a timid entry into this market.