Sales for commercial fleet vehicles in Argentina increased by 20.2% to 10,284 units in October 2020, though the overall market is still down 19.9%, year-to-date.
Argentina saw a decrease in true fleet sales in 2019 when compared to the previous year and was down by 2,000 units.
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.