Business Auto dollar: importers say sales barely "revived"

Auto dollar: importers say sales barely “revived”

The Chamber of Official Automotive Importers and Distributors (CIDOA) denied that the sale of high-end zero kilometer vehicles bears any similarity to situations of some years ago, during which the sale of imported vehicles as an alternative to buying cheap dollars pushed patents to levels close to a million units.

In this sense, the chamber that groups importers without a factory in the country indicated that the expectation of total sales for this year “it has a ceiling of 250 thousand units, the smallest volume since 2002, when the forecasts prior to the COVID-19 pandemic hovered around an already low target of 400,000 units. “

With the parallel dollar between 120 and 130 pesos, against an official dollar of around 70 pesos, the gap became very attractive for not a few savers who can sell their tickets in the parallel market and, with the obtained pesos, buy imported cars from high-end that quote their price to the official dollar. As Clarín revealed in recent weeks, there are many dealerships where both queries and reservations grew remarkably of that kind of units.

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But from the CIDOA camera, headed by Hugo Belcastro, they pointed out that even with more operations, total sales continue on the ground, in the wake of the Covid-19 pandemic.

“Far from constituting a boom, the operations that have been carried out online and in the salons of sales since its reopening in some districts, represent a small contribution to the recovery of both terminals and dealer networks, whose sales had fallen by up to 90%. As of May 19, patents fell 54% compared to the same period of the previous year and 47% in the accumulated for the year, “said the entity.

During Cristina Kirchner’s second term, especially in 2013, the disparity between the official dollar and the “blue” had stimulated sales of vehicles such as refuge of value against the depreciation of the peso. But in that period, vehicle imports generated real imbalances in the national balance of payments: in total, that year more than 980,000 units were patented. And as the Minister of Production, Débora Giorgi, pointed out at that time, only the importation of high-end cars from outside the region (not counting the hundreds of thousands imported from Brazil) had generated a deficit in the trade balance of more than $ 1 billion.

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This time, according to CIDOA, the accounts are very different. Today prices contain more than 50% taxes, “said the entity, which emphasized internal taxes, a tax that had already risen in 2014 in response to that situation and that Alberto Fernández’s government raised again as soon as he took office in December. “Mid-range cars pay today an internal tax of 25% and high-end taxes of 54%, in both casesadditional s to 38% of import tariffs and statistical fees “.

In this context, according to CIDOA, the weight of those imported from outside the region decreased significantly: “The brands associated with CIDOA have represented in recent years between 2% and 5% of the market “, added the entity, “which is an indicator of the low incidence of terminal activities not based in the context of total external purchases in the country and, therefore, in the trade balance.”

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