On January 28, 2025, Economy Minister Luis Caputo announced a significant reduction in taxes on luxury cars and motorcycles in Argentina. This move aims to lower prices and stimulate demand in a struggling automotive market. The automotive industry has long struggled under heavy taxation, with the average tax burden on vehicles reaching 58%. This situation has pushed many consumers to the used car market.
January 28, 2025
SOURCE: RIO TIMES
Argentina Slashes Luxury Car Taxes to Revive Auto Market