Fleet Mobility Today: Snapshot on Argentina
This snapshot provides a glimpse into Argentina's mobility landscape, highlighting key economic factors, automotive trends, and energy costs crucial for understanding the country's mobility ecosystem.
Economic Overview:
  • Population: Argentina has a population of approximately 50 million people.
  • GDP: As of 2022, the GDP stood at $630 billion, translating to approximately $12,600 per capita.
  • Currency: The currency in Argentina is the Argentine peso, with notable fluctuations due to high inflation rates.
Economic Indicators:
  • Inflation and Interest Rates: Inflation rates reached a staggering 211% by the end of December 2023, with interest rates standing at 109%. However, both indicators have been on a decreasing trend in the first quarter of 2024.
  • Unemployment: As of September 2023, unemployment in Argentina was recorded at about 5.7%.
Key Industries:
  • Argentina's economy is driven by key industries including agriculture, livestock, oil and gas, mining, automobile, and textiles.
Vehicle Fleet:
  • Registered Vehicles: Argentina boasts approximately 15 million registered vehicles.
  • Top Brands: Leading automotive brands in 2023 included Fiat, Volkswagen, General Motors, Toyota, and Hyundai.
  • Top Models: The best-selling models in 2023 were the Fiat Kronos, Peugeot 208, Toyota Hilux pickup, Volkswagen Amarok pickup, and Toyota Etios.
  • Manufacturing: Argentina hosts OEMs with factories from Fiat, Ford, General Motors, Honda, Mercedes-Benz, Nissan, Peugeot, Citroën, Renault, Toyota, and Volkswagen.
Energy Costs:
  • Gasoline and Diesel: Gasoline costs approximately 81 US cents per liter, while diesel is slightly higher at 89 US cents per liter as of the beginning of 2024.
  • Electricity: Argentina offers relatively cheap electricity, with costs as low as 2 US cents per kilowatt for household and business accounts as of June 2023.
For more comprehensive insights on Argentina's fleet mobility and other countries across the Americas, visit Fleet Mobility Today's website at fleetmobilitytoday.com.