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[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 5 sources · 7 days · First seen 9 days ago · Last updated 3 days ago

Argentine automotive market financing developments

Overview

Automakers in Argentina have introduced new financing plans to stimulate vehicle sales. Toyota Argentina launched a line of UVA-indexed pledge credits with a Nominal Annual Rate (TNA) of 13.9%, allowing customers to finance up to 75% of a vehicle's value for up to 60 months. Toyota is also offering 0% TNA financing for specific models.

Following a credit proposal from Banco Nación, Ford Sevillano announced September promotions for models including the Ranger, Territory, Maverick, and F-150. These incentives include bonuses of up to $6 million, 0% interest financing options, and trade-in programs.

Entities

Mendoza · Ford · Toyota Argentina · Grupo Lorenzo · Coto

Timeline

3 days ago

[BUSINESS] 3 sources
Automakers in Argentina launch new vehicle financing plans
Automakers in Argentina, including Toyota and Ford, are launching new financing plans, 0% interest options, and significant bonuses to drive vehicle sales during September.
9 days ago

[BUSINESS] 2 sources
Grupo Lorenzo opens Argentina's first Ford Signature 2.0 dealership
Grupo Lorenzo opened Argentina's first Ford Signature 2.0 dealership in Mendoza, while Buenos Aires approved the use of a Coto site in Balvanera as a virtual supermarket.

Sources

airelibre.com.ar · eleconomista.com.ar · massnegocios.com · parabrisas.perfil.com · revistaelabasto.com.ar