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2 clusters · 2 sources · 21 days · First seen · Last updated

Argentine economic consumption and market decline

Overview

Argentina is experiencing a contraction in various consumer and industrial sectors, reflecting broader economic challenges.

In May, urban solid waste collection fell by 5.7% year-on-year. Data from the National Institute of Statistics and Censuses (INDEC) indicates this decline serves as a “physical indicator of slowing household consumption,” as lower real household income reduces the purchase of packaged goods and everyday products.

This trend of economic downturn continued into the automotive sector. By August, new vehicle registrations had fallen by 19.1% compared to the previous year. While the used car market also saw a 7.33% drop in August, the pick-up truck segment remained relatively resilient, driven by the agricultural sector. According to the Cámara del Comercio Automotor (CCA), buyers are exhibiting increased caution due to economic conditions and financing costs.

Entities

Asociación de Concesionarios de Automotores de la República Argentina · INDEC · Fiat Cronos · Inter-American Development Bank · Toyota Hilux

Timeline

  1. 9 days ago

    [BUSINESS] 2 sources
    Argentina automotive market faces decline as pick-ups lead sales

    Argentina's automotive market is declining, with new vehicle registrations down 13.3% year-to-date. Pick-up trucks remain resilient, while used car sales fell 7.33% in August due to cautious consumer spending.

  2. about 1 month ago

    [BUSINESS] 6 sources
    Argentina urban waste collection falls 5.7% in May

    Urban waste collection in Argentina fell 5.7% year-on-year in May, signaling a slowdown in household consumption and domestic demand according to INDEC data.

Sources

ruralnet.com.ar · tn.com.ar