Providing its inaugural figures for the markets, Dataforce reports that the overall Argentinian market was up 6.29% for July and 7.39% YTD. This is currently being driven solely by the private market with a growth of 7.46% for July and 8.52% YTD. The commercial market suffered its second month running of negative growth with a loss of -2.2% for July, keeping the figures in negative at -0.76% YTD. 

There were no changes to the top three contenders with VW, Ford and Chevrolet all keeping their places respectively, however BMW and Jeep climbed into the top 20. BMW moved from 22nd to 15th while Jeep rose from 24th to 16th – in part due to the increasing demand for SUVs from the market place. The Toyota Hilux took the lead spot for July and showed an increase of 35.5% YTD when compared with same period last year. The Chevrolet Onix also put in an outstanding performance that gained it entry into the Top 5 for July, a jump of 17 places.

In contrast, the figures for Brazil show a slide of -20.3% for July and -26.3% YTD. Heaviest hit seems to be the private market with -26% for July and -29.5% YTD. The commercial market continues to recover from its January low but still remains within negative territory with a -3.2% for July and -16.3% YTD. With the current political unrest still playing in the background the hope is for the rest of the year to bring some more positive results.

However Jaguar, Porsche, Toyota and Jeep all had positive July figures with the Brazilian-built Jeep Renegade up 17.8%, powering its way from 20th to 11th in the ranking. The mini car segment achieved its best figures for 2016 and this has come in part with the rise of the new Fiat Mobi, which outperformed both the VW Fox and Up – key models within the segment.