THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
Sales for commercial vehicles continued to slide in July, though declines were not as significant as the month prior.
Sales for light- and heavy-commercial vehicles in Argentina were down in June by more than 40% for both segments.
Chinese automaker Changan entered the Argentina market and officially launched two crossovers in the region, the CS15 and CS75.
The largest fleet market in Argentina is among large multinational corporations, such as pharmaceutical companies, but there is also a strong vocational fleet market in food distribution, petroleum, mining, and utilities.
Nissan’s sales increased 14.3% in South America for fiscal year 2017, and total vehicle sales in the region were the most since the company started operations in the region.
The app-based carsharing company has plans to serve downtown Buenos Aires later this year.
Over the next three years, $300 million is set to be invested by GM itself, with the additional $200 million coming from the company’s supplier network.
The Argentinian auto industry is expecting production to increase later in the year, with a boost in the country's automotive sector.
Nissan confirmed during a meeting with Argentina’s president Mauricio Marci in Tokyo that it will produce vehicles in Argentina starting in 2018.
The automaker posted a market share of 6.5%, up by 0.3 point in the Americas.