Argentina Needs 140,000 Motors
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THE return of imports into Argentina for the opening two months of this year shows that, for the first time since 1930, British manufacturers are in danger of losing their predominant position in this market. A fall of 12 per cent, in the sale of British goods and a rise of 21 per cent. in Argentine purchases from America has reduced the margin between the two countries almost to vanishing point.
America is selling nearly 2,000 cars and lorries a month to Argentina, whilst Great Britain sells fewer than 100 machines. The advance in American vehicle exports has continued steadily in the face of a 20 per cent. exchange preference enjoyed by British manufacturers.
The influence of purchasing power upon the number of motor vehicles in circulation in Argentina is clearly marked. Statistics issued by the Buenos Aires Institute of Transport Research show a decline from 454,000 in 1930 to 241,000 vehicles in 1936. A large percentage of these machines will become obsolete during 1937 and 1938, and the Argentine National Highways Board estimates that the country will require to import 140,000 cars and lorries for replacement purposes during the next two years.
The comprehensive road-development plan of the Government should also prove of indirect help to motor manulacturets. A programme involving an outlay of more than £20,000,000 on roads was sanctioned last year by the Highways Board.