By Los Andes

El derrumbe de las ventas del mercado automotor en 2015 evidencia el complicado escenario que se formó con el combo de devaluación, restricción a las importaciones e impuesto a los autos de alta gama. Sin embargo, dentro del contexto desfavorable, apareció una posición ventajosa que le da un respiro a los vehículos de alta gama.

Así como la suba del dólar a principios de 2014 condenó los patentamientos de autos 0 km, el atraso cambiario que existe en la actualidad abarata los precios de los vehículos importados de lujo. Además, la creciente brecha entre dólar oficial y paralelo posibilita una maniobra ilegal pero productiva que puede bajar el valor de un auto hasta en un 66%.

Representantes de algunas de las marcas de alta gama más populares, revelaron que existe una leve reactivación de ese segmento y hablan incluso de una compensación del... (Read More)

By Los Andes

La falta de una infraestructura logística competitiva que ayude a las empresas a colocar sus productos en el exterior, se hace más notoria en tiempos de vacas flacas.

Es que sin la competitividad que otrora brindaba el tipo de cambio y una inflación contenida, los gastos para poner la mercadería en el puerto son cada vez mayores. Un reciente informe de la Fundación Ideal indica que los costos logísticos de Mendoza equivalen al 14% del valor... (Read More)

By Reuters

When the creators of an elaborate 2013 Cadillac commercial began to scout for shooting locations three years ago, they began in Argentina, where varied landscapes and creative talent had long attracted ad producers.

But when it came time to import the equipment needed for the three-minute spot, they collided head-on with the country's byzantine import regulations. Argentina demanded hefty deposits on all vehicles, cameras, and lights, and producers were unsure... (Read More)

By Bloomberg

The real money is back in Argentina.

Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorite of the hedge-fund crowd, which made speculative bets on the fortunes of the troubled nation.

But in recent months, that’s started to change.

With presidential elections in October set to usher in a new administration, money managers from Invesco Ltd. to Allianz SE and Van Eck Global have begun to wade back into Argentina’s dollar-denominated bonds.

Those “real-money accounts,” industry speak for long-term investors such as... (Read More)

By Buenos Aires Herald

Economy Minister Axel Kicillof announced a new National Securities Commission (CNV) regime allowing small and medium-sized companies (PYMEs) to reduce financing costs and gain major access to the financial market.

In a conference press held at the headquarters of the Economy Ministry, Kicillof today introduced the new CNV system “with new requirements and methods for the issuing of... (Read More)

By Bloomberg

Oil at $77? It is in Argentina.

Oil has plummeted below $39 a barrel in the U.S. But despite the price bloodbath in global energy markets, it fetches nearly twice that amount in Argentina -- home to some of the most expensive crude in the world.

Even as prices plunged anew Monday, sending world benchmarks close to the lowest levels they briefly hit in the Great Recession, oil is still flying high in Argentina for the simple reason the government wants it that way.

There is some method behind the apparent madness. Argentina is home to the second-largest reserves of shale gas and fourth-largest of shale oil in the world. Faced with a $6-billion energy trade deficit in 2014, the government has been using its made-in-Argentina price to try to turbocharg... (Read More)

By Bloomberg

Argentina’s black market peso fell to its lowest in 10 months on expectations that a new government in December will have to devalue the official rate which is strictly controlled by the central bank.

The street value of the peso weakened 0.98 percent to 15.3 pesos per dollar, according to Ambito. That compares with an official exchange rate of 9.25.

While the majority of emerging market countries from China to Brazil are weakening their exchange rates to remain competitive, President Cristina Fernandez de Kirchner’s administration is refusing to accelerate the pace of depreciation of the peso ahead of Oct. 25 elections where the front-runner is from her party. The next government, which takes over Dec. 10, will have to address the overvalued exchange rate, according to Fausto Spotorno, chief economist at Orlando Ferreres & Asociados.

“There’s a significant expectation of devaluation,” Spotorno said by phone from Buenos Aires. “The next government will have to... (Read More)

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