Without official discount, automakers are now betting on the stocks

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Anyway, the weather between dealers is not the best. The first two business days of the month show a drop in customers in the sales rooms. “The week started very loose. Few consultations and few operations ”, explained in a local. With this situation, the expectation for the month is not encouraging as it deepens the cooling that occurred in the market after the result of the STEP. Everything indicates that, in this context, the volume of patents in September can be around 30,000 or less, which would make it the worst month of the entire management of Mauricio Macri. So far, last June had registered the lowest level with 36,162 units. In August, 44,000 vehicles were patented and, seasonally, September tends to fall. To this is added the uncertain situation of the official discount plan that, according to estimates in the sector, represents 20% of total sales. That is why September, without official help, appears as a very complicated month.

As advanced Financial sphere On Friday, there is no certainty that the government incentive will be refloated. The conflict is centered on the claim of the factories for the payment of the debt of the subsidies promised since June. It is estimated that the Government has a delay in the liquidation of these funds of about $ 1.3 billion. Until yesterday, the issue remained bogged down and from the terminals they ratified that there will not be a September with official sales until the end of the “Automotive default” that the Government has with companies. Only from the association that groups the concessionaires (ACARA) does it insist that it is in force. Even an internal communication was sent to their associates ratifying the plan, something that caused a lot of confusion in the concessionaires because from the factories they were informed otherwise. "Sica (by the Minister of Industry) promised us that he would continue", they say in the entity. However, from that dependency they coincide with the factories in which the plan is not in force at the moment. It is true that the situation may change if the funds appear, but the automakers believe that, in this context, there are not many possibilities for continuation.

Beyond this, automakers are waiting for what happens in the macroeconomy. With the latest measures provided by the Government for restrictions on the purchase of dollars, they do not rule out that it can generate an incentive for the purchase of 0 km. On the one hand, that the “blue” dollar is spoken again, which, in the past, worked as an incentive for the demand for cars. When the price of the 0 km in pesos is fixed and at the official dollar price, the buyer who has dollars saved and sells them in the parallel market, obtains a profit proportional to the size of the gap. Synthetically, they need less dollars to buy a 0 km. “At this point, any help will be received. If the 'blue' widens the gap with the officer, it can benefit the sector, ”they acknowledged in a terminal.

It is true that this implies an action considered a crime, such as operating in the black market, but the best example of it being a widely used practice is the historical record of car sales that occurred in 2013 with some 950,000 vehicles. During that year of Kirchner management, the gap between official and "blue" reached 70% and triggered the demand of 0 km. Not only was the general market record but it was the year that more cars were sold from the luxury segment. It worked as a subsidy to the upper and upper middle class.

Another fact that they take into account is that savers in pesos with amounts over $ 10,000 – the monthly purchase cap – can turn to the acquisition of 0 km sold in pesos.



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https://www.ambito.com/sin-descuento-oficial-automotrices-apuestan-ahora-al-efecto-cepo-n5052536

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