Now Available: Argentina Autos Report Q3 2014

Fast Market Research recommends "Argentina Autos Report Q3 2014" from Business Monitor International, now available

Logo

Boston, MA -- (SBWire) -- 05/29/2014 --Vehicle sales in Argentina declined 25.5% y-o-y in the first three months of 2014, to 151,306 units. BMI has become increasingly bearish on the outlook for the Argentine autos sector in 2014 on the back of a devaluation of the peso in January, and the likelihood of further weakness in the unit going forward, and new taxes on autos imports. High inflation, slowing real wage growth, and increasing unemployment levels are likely to keep private consumption subdued in 2014, weighing on consumers' appetite for big ticket purchases. Moreover, high base effects from strong sales growth in 2013 will temper the y-o-y growth rate. We expect these dynamics to continue over the coming months, and believe this will weigh on the autos sector. Accordingly, we forecast a bearish 20.0% decline over the year.

View Full Report Details and Table of Contents

We caution that, if inflation continues to escalate, Argentine consumers may start to purchase vehicles as a store against inflation, as we have seen in Venezuela. This would serve to drive sales, but would lead to a huge increase in used car prices and further exacerbate inflation problems.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Transportation research reports at Fast Market Research

You may also be interested in these related reports:

- Japan Autos Report Q3 2014
- Brazil Autos Report Q3 2014
- Israel Autos Report 2014
- Saudi Arabia Autos Report Q2 2014
- Serbia Autos Report Q2 2014
- Canada Shipping Report Q3 2014
- Thailand Autos Report Q2 2014
- Russia Autos Report Q2 2014
- United Arab Emirates Autos Report Q2 2014
- South Africa Autos Report Q2 2014

Media Relations Contact

Bill Thompson
Director of Marketing
Fast Market Research, Inc.
800-844-8156
http://www.fastmr.com

View this press release online at: http://rwire.com/512429