Argentina June 2019: Honda (+26.2%), Volvo (+22.3%) stay afloat in market sinking -43.9% despite government subsidies
Honda is up 26.2% in a market down -43.9%.
Despite €23m government subsidies (Plan Juni0km) aimed at reviving sales, new vehicle registrations in Argentina continue to freefall in June at -43.9% year-on-year to just 35.954 units, leading to a year-to-date volume down -49.9% to 248.355. The brands podium is unchanged on May, with Toyota (-26.3%), Renault (-35.5%) and Volkswagen (-49.3%) in the lead. Nissan (-8.9%) is the only Top 10 carmaker to manage a single-digit loss, with Jeep (-28.1%) and Ford (-36.3%) also losing less ground than the market but Fiat (-62.6%), Chevrolet (-55.4%), Citroen (-55%) and Peugeot (-54.2%) all hit full frontal. Just outside the Top 10, Honda (+26.2%) manages a vastly out-of-sync double-digit gain at #11, joined by Volvo (+22.3%) at #17.
The Toyota Hilux (-33.3%) remains the best-selling vehicle in the country despite losing one-third of its sales year-on-year, with the Ford Ka (-25.7%) and Toyota Etios (-47.1%) filling the remaining spots on the podium. Relaunched here a little more than a year ago, the Toyota Yaris (+3704.2%) breaks into the Top 10 for the first time but all other Top 10 models are down sharply. In fact, the VW Vento (+73.1%), Toyota RAV4 (+53.7%), Nissan Note (+45.5%), Fiat Toro (+17.9%), Nissan Micra (+11.7%), Citroen C4 Cactus (+8.6%) and Nissan Frontier (+5.2%) are the only other gainers in the Top 65 this month, with the Honda WR-V the best-selling new lunch at #57.
Previous month: Argentina May 2019: Toyota and Hilux on top in devastated market (-55.7%)
One year ago: Argentina June 2018: Fiat Argo posts first pole position, market hits brakes
Full June 2019 Top 50 All-brands and Top 230 All-models below.