Try our corporate solution for free!
(212) 419-8286
hadley.ward@statista.com

Automotive industry in Argentina - statistics & facts

Argentina, one of the southernmost countries in Latin America, is famous worldwide for its meat, tango, and as the birthplace of legend footballers such as Diego Maradona and Lionel Messi. Probably less talked about is the country's role as one of the leading automotive markets in the region. With a history spanning more than 100 years, Argentina was the third largest motor vehicle manufacturer in Latin America in 2019, trailing only behind giants Mexico and Brazil. However, the Argentine automotive sector has seen better days.

Economic instability affecting vehicle sales

The COVID-19 pandemic impacted consuming markets worldwide. In Argentina, light vehicle sales plunged by over 30 percent in the first half of 2020, when compared to the same period of the previous year. Nevertheless, this was only the extension of a trend already observed for around half a decade. Amidst rising inflation and unemployment rates, the Argentine consumer’s confidence has slowly dwindled. In 2019, for example, vehicle registrations in the country amounted to some 400 thousand units, a year-on-year drop of roughly 50 percent.

Similarly, motor vehicle exports from Argentina have also struggled, reporting an overall continual decrease since the beginning of the decade. This is mostly associated with a decline in demand from its leading foreign trade partner – Brazil – which itself has been trying to recover from an economic crisis that hit in 2014. In 2020, the Portuguese-speaking country accounted for nearly two thirds of Argentine vehicle exports.

Textbook case of the law of supply and demand

With demand from both the domestic and international markets at a low, automotive production in Argentina has inevitably suffered. In 2020, approximately 260 thousand motor vehicles were produced in the South American country, down from over 800 thousand units a decade earlier. Passenger car production had the largest contribution to this result, with its output shrinking by more than 80 percent in the period. Meanwhile, Argentina has tried to establish itself as an SUV and pick-up truck manufacturing hub, with production of light commercial vehicles surpassing that of passenger cars in 2017. But with production – and consequently the number of employees in the industry – decreasing annually ever since, Argentina might find itself in a vicious circle hard to overcome.

Interesting statistics

In the following 5 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Automotive industry in Argentina".

Automotive industry in Argentina

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!
TOP SELLER

Key figures

The most important key figures provide you with a compact summary of the topic of "Automotive industry in Argentina" and take you straight to the corresponding statistics.

Vehicle sales

Leading players

Foreign trade

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Hadley Ward
Hadley Ward
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Ziyan Zhang
Ziyan Zhang
Customer Relations– Contact (Asia)

Mon - Fri, 11:30am - 10pm (IST)

Contact Kisara Mizuno
Kisara Mizuno
Customer Success Manager– Contact (Asia)

Mon - Fri, 9:30am - 5:30pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Catalina Rodriguez
Catalina Rodriguez
Key Account Manager - LAC– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)