New passenger vehicle sales totaled 142,925 in first two months 2018, up 25.6% from 113,770 a year earlier, according to the Association of Automobile Manufacturers of Argentina (ADEFA). Those of heavy commercial vehicles were up 20.4% to 5,115, up from 4,247. Light commercial vehicle sales totaled 38,977, up from 34,279, due to strong demand for models such as the Renault Sandero, the Toyota Hilux and the Volkswagen Gol.
The Argentine auto industry is one of the world’s largest, employing more than 65,000 people and providing 9% of Argentina’s industrial gross production value. Annual production of 472,776 vehicles in 2016 and 472,158 in 2017 made it third among Latin America’s car markets, behind Mexico and Brazil but ahead of Venezuela and Colombia.