Monday, March 27, 2023

Dollar: Cars could register over 60% growth due to exchange gap

To the consultant, “the automotive sector, for example, presents a fundamental problem.” If we take the case of Fiat Mobi 0km which was quoted before stock on import at 2,609,400 million pesos, now if we look at the same vehicle after government measures we will see the following.


Dollar: Cars Could Register Over 60% Growth Due To Exchange Gap

According to the historical record on the participation of imported elements in this sector it is 47%, for which the car importer will now have to receive dollars to acquire the imported part.So you must go to your parent company to get dollars or go to the financial market through “Contado con Liqui” dollars.

If the latter resort to the capital market, which will be the fastest option for not running out of car stock, we will see that today it is generated that 2 million pesos in the absence of a dollar car is acquired at 4 . million pesos, this occurs in the face of a new exchange difference that exceeds the official exchange rate and the dollar’s parallel value by more than 150%.

“In many cases, it is likely that industries still have stock levels because of a potential devaluation of imports or restrictions in quotas of access to the single market and parallel price changes or gaps trying to anticipate We are watching.

However, prices in the domestic market begin to position themselves higher by seeing differences relative to the official exchange rate, especially in supplies that move from automatic to non-automatic licenses and replenish their existing stock. Let’s look at the possibility of inconveniences. It is necessary to go towards peace in the Forex market. Many companies are not paying the price again and the work has come to a standstill.Damien Di Pace, director of Focus Market Consulting, indicated.

Nation World News Desk
Nation World News Desk
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