Wednesday , December 8 2021

Waiting for buyers: There are 240,000 zero-kilometer vehicles in stock – Economy



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Since the sharp devaluation of peso that occurred at the end of April, the automotive industry was in crisis. After the beginning of the year with record activity, sales fell and, in November, patents fell 0 km 45%; so far in December they show a decline of about 37%.

According to estimates in the sector, among manufacturers, retailers and importers, there are about 240,000 units waiting for buyers.

But the situation is even worse because this number comes from the cars that are produced or nationalized. Does not take into account those who are in the port's fiscal deposits access to the country before paying taxes. Company sources are disclosed to the newspaper Financial scope that in that situation it may be about 20 000 0 km as a floor. Thus, the global number would be about 260,000 vehicles.

During good months of sales – an average of 70,000 units – the volume would represent a stock of four months, but considering the current level of activity, the situation worsens. By 2019, companies in the sector estimate that the market will be below 600,000 units. The most optimistic think it can be overcome (they are those who imagine a second term in growth), but there are more pessimistic estimates that even estimate that it can approach 500,000, based on the forecast for the past three months.

With a true value of 550,000 cars, current stock of 0km in stock can, practically, be reached for at least six months (usually one month of stock in dealers and another month in factories).

That is, there is half a year of sales in deposits, so it would not be necessary to produce or import 0km up to that date. It is true that, according to consumer tastes, some models and others may be missing, but with a quantity of 0 km, the market will be delivered until next June.

This overcrowding of cars has a clear consequence. There are several terminals that have interrupted their staff due to less activity. Only Argentina demand for Argentine cars motivates to maintain production. The other effect is that manufacturers, importers and concessionaires offer important bonuses to reduce stocks.

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