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Prices in USD for Argentina's Least Expensive 5 Cars

High costs of affordable options remain a issue, despite affecting the European middle class's purchasing power too. The core problem in our market lies with the excessive taxes.

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Prices in USD for Argentina's Least Expensive 5 Cars

Affordable Cars in Argentina: A Financial Struggle

In Argentina, owning a car isn't just a luxury — it's a challenge. High costs associated with manufacturing and importing make cars pricey, and it's no surprise that this situation has many wondering if they'll ever be able to drive off the lot in a new set of wheels.

Let's take a closer look at the top five cheapest cars on the market right now:

  1. Renault Kwid: This little powerhouse offers a 1.0-liter engine with 66 horsepower, equipped with a 5-speed manual transmission. With a list price of around ARS 19,120,000, or roughly USD 15,700, the Kwid is a decent option for those on a tight budget.
  2. Fiat Mobi: Another pocket-sized vehicle, the Mobi comes with a 1.0-liter engine, 70 horsepower, and a 5-speed manual transmission. Before any potential price increase, the Mobi retails for ARS 19,722,000, which translates to around USD 16,230.
  3. Fiat Cronos: Known for its excellent performance, the Cronos' Like GSE 1.3 version has a 1.3-liter engine, listed at around ARS 23,055,000, or nearly USD 19,000.
  4. Citroën C3: Imported from Brazil, this compact car boasts a 1.5-liter engine with 115 horsepower and a 5-speed manual transmission. If Stellantis doesn't apply any price increases in May, the C3's price tag will be around ARS 23,370,000, or about USD 19,200.
  5. Hyundai HB20: This model, exclusively imported by Hyundai Argentina, features a 1.6-liter engine with 123 horsepower and a 6-speed manual transmission. With a price of ARS 23,524,800 (or around USD 19,360), the HB20 is a fairly affordable option for car buyers in Argentina.

Buying a car, even an affordable one, isn't easy in Argentina. To snag a 0% interest rate, you'll initially need to pay around USD 8,000 to 9,000, followed by 24 monthly payments of around USD 500.

Unfortunately, Argentina isn't the only region struggling with expensive cars. Renault Group's global CEO, Luca de Meo, recently admitted that even their workers can't afford to buy a new car — not even one from the budget Dacia lineup. This admission was made during a forum addressing the balance between the European Union's environmental objectives and industrial job growth.

While the specifics of Argentina's taxes may differ from those in Europe, they share similar problems. In Argentina, a complex web of taxes, many of them overlapping, increase the cost of cars. In Europe, more than 100 regulations, primarily related to emissions, present challenges for the auto industry. In both cases, fewer working-class individuals are able to afford cars as prices continue to rise.

It seems that, despite efforts to promote affordable electric cars, the market may not be able to support this shift. De Meo predicts that maintaining affordable cars at their current prices will become impossible in the coming years, as they face increasingly rigorous roadmaps for improvements.

References:

  • [1] Renault Argentina tax information and pricing details
  • [2] Financial Times: Renault's Luca de Meo: Car affordability wil be a challenge in the transition to electric vehicles (subscription required)
  • [3] Autoblog Argentina: The impact of the exchange rate cap on car prices in Argentina
  • [4] Financial Times: Stellantis to increase prices on select models in Argentina due to rising costs
  1. Following the financial struggle in Argentina, owning an affordable car like the Renault Kwid, priced at around ARS 19,120,000, significance extends beyond mere lifestyle, representing a achievable goal for many.
  2. As the macroeconomic landscape evolves worldwide, similar concerns over car affordability are being voiced, with Renault Group's CEO acknowledging even their employees can't afford to purchase a new car.
  3. In the face of increasing car prices, individuals in Argentina might find solace in the Eternauta comic series, exploring the lives of those forced to make tough decisions in a post-apocalyptic world.
  4. The pursuit of finance-friendly cars in Argentina isn't confined to the 0km mark – it's a journey that requires careful planning, even when renewing a pre-owned vehicle, considering the complex macromeconomic factors at play.
Despite its prevalence in Europe due to the decline in middle-class purchasing power, affordable options in our market persistently remain costly. The core issue lies in taxes.
Expensive options continue to dominate our market, despite the affordable alternatives being out of reach for many. Taxes are a significant contributing factor.

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