June with a sharp decline in the patenting of automobiles

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In June, there was a sharp decline in the patenting of automobiles, in Tierra del Fuego, according to the report of the ACARA (Association of Automobile Dealers of the Argentine Republic), which also shows that the same thing has happened all over the country.
In the sixth month of the year 556 0 km units were patented in the province, representing a 32.3% decrease from the same month of 2017 (with 821 patented units) and a collapse 31.3% compared to what happened in May this year (there were 809 records).
With June data, in the first half, there was a total of 4,810 new patented units, a figure that exceeds only in 4.1% operated in the same period last year, when there was a total of 4,619 patented cars. In this way, one can observe that the patent record that occurred during the first two months of the year, slowed the fall of the automobile market.

Rest of the country

of ACARA, they reported that in the country years of rising and record a record semester, 0-kilometer car sales fell 18.2% in June on an annual basis, affected by devaluation and high interest rates.
In the sixth month of the year, 64,140 were patented vehicles, and also decreased compared to May, 17.2%, in which sales had been recorded by 77,417 units; On the best-selling brands, Volkswagen has again 9,741 patented units and follows it: Chevrolet (8553), Renault (8,039), Fiat (7,772), Toyota (7,290) and Ford (7,038).
Of ACARA, they estimated that June's negative data is due to a resounding fall in bank funding, due to rising interest rates, which has virtually reduced it to zero which is extremely complicated for our sector.
Moreover, traders today have a stock level that is the highest in history, due to the abundant supply of models and a demand that has become scarce and selective, and that we must resolve urgently.