Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: Argentina's strong recovery in sales to dealerships in 2016 will be predominantly driven by
dealerships restocking imported models rather than a robust recovery in consumer or business demand for
vehicles. A more sustainable growth in demand will emerge in 2017 as domestic investment and private
consumption begin their recovery.
? The government's auto loan subsidy will have little impact on sales given the falling popularity of auto
loans as a source of finance.
? Sales will far outpace vehicle production in 2016 and 2017 as Argentina's export-oriented production
industry fails to find sales opportunities in the weakened Brazilian market.
? With recently announced projects Argentina is set to become a regional pick-up production hub.