Buying a 0KM car is becoming increasingly difficult in Argentina. Currently, according to the consulting firm Invenómica, 15.5 wages to acquire cars such as Gol Trend, Volkswagen Polo, Fiat Argo, Peugeot 208, Toyota Etios or Chevrolet Onix. Two years ago, 11.2 wages were needed for the same purpose.
There are no signs showing a rapid re-composition in the automotive industry's sales. Even in January 2019, 59,844 units were patented, showing a decrease of 50.4% over 120,558 vehicles patented in the same month last year.
In addition, savings plans have long since been the only gateway for many people who could not raise the money in cash or could not fund high fees. But now the tool became a time bomb.
"In 2018, purchasing power fell by 11%, and the outlook for the first half of 2019 is not very encouraging considering the sharp increases in basic services such as electricity and gas, which greatly affect the cost of goods and services. an improvement in real wages, but it is impossible to recover what was lost in 2018, "advises Invenómica.