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These Car Models Can Be Purchased With Credits Up to $30 Million and at 0% Interest
๐Ÿ‡ฆ๐Ÿ‡ท Argentina /Economy & Trade

These Car Models Can Be Purchased With Credits Up to $30 Million and at 0% Interest

From La Naciรณn · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Documents & data Context piece
  • Argentina's new car sales dropped 9.9% in the first half of the year, but financing remains a key market driver.
  • In May, 42.4% of new vehicle registrations were financed, with Fiat and Peugeot showing high rates of financed sales.
  • Fiat is offering special financing deals in July, including 0% interest loans for up to $28 million on select models and UVA credits up to $30 million.

Despite a nearly 10% decline in new vehicle sales during the first half of the year, financing options continue to be the primary engine for Argentina's automotive market. Data from the Association of Automotive Dealerships of the Argentine Republic (Acara) shows that by the end of May, 42.4% of new car registrations, totaling 116,087 units, were secured through some form of credit.

Within this financing-driven landscape, Fiat, part of the Stellantis Group, has emerged as a significant player. Acara's report indicates Fiat was the second-largest automaker in terms of financed sales, with 71% of its transactions completed via credit plans. Peugeot, also under the Stellantis umbrella, led the market with 75% of its sales financed.

For July, Fiat is maintaining promotional financing campaigns across its entire model range. Specifically, the Fiat Cronos, Pulse, Fastback, and Toro models are eligible for financing up to $28 million with a 0% annual nominal rate (TNA) and terms of up to 18 months. Additionally, the company is offering UVA credit lines for its full range, allowing financing of up to $30 million over 36 months at a 0% TNA.

Fiat also adjusted its pricing for July, implementing an average increase of approximately 5% across its lineup. The only model to retain its June price was the new Fiat 600 Hybrid. The company's July price list includes models such as the Fiat Mobi, Argo, Cronos, Pulse, Fastback, 600 Hybrid, Fiorino, Strada, Toro, and Titano.

DistantNews Editorial

Originally published by La Naciรณn in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.