Buenos Aires, November 23 (NA) – Financing for new and used vehicles fell again in October, reaching a year low in both cases, according to the SIOAMAA information system. In the tenth month of the year, a total of 32,540 liens were registered, representing about 15% of new and used vehicle sales, according to the report accessed by the Argentine News Agency. Regarding new vehicles, the report pointed out that “while last month new vehicle purchases showed a decrease of -7.1% compared to September, the number of liens associated with that market contracted by -13.1%,” as operations accounted for 43.1% of total registrations. In this regard, the entity analyzed that “this dynamic reflects the macroeconomic and political uncertainty that conditions the purchase decisions of durable goods and their financing” and emphasized that “although the strong pace of lien creation that began at the end of 2024 is beginning to moderate, it remains at historically high levels and has already shown that when conditions are favorable, it acts as a significant engine for sales.” In the used vehicle lien market, the lowest share of the year in total operations (6.0%) was also recorded in October, with a dynamic similar to that of new vehicles. In the case of used vehicles, “the share is lower and more volatile, although it reached minimum values in October.” From SIOMAA, they analyzed that “October, in a scenario of macroeconomic and electoral uncertainty, did not show signs of recovery compared to the previous month, in terms of the share of lien instruments in the total purchase operations of new and used vehicles.” Beyond the performance of recent months, the year-end balance continues to show a notable growth in the financing of the Argentine automotive market, driven by the strong increase in sales. In this regard, the entity stated that “the accumulated increase in liens in 2025, along with the rise in vehicle sales, shows that lien instruments and credit are fundamental to dynamize the automotive market when conditions are favorable.” While transfers decreased by -3.1% compared to September, the number of liens on used vehicles contracted even further by -15.4%. In this context, the operations that contracted the most compared to the previous month were those of banks (-20.2%), while financial companies did so by -2.1%. The share of lien instruments on new vehicles shows a deceleration since the month of June.
