The wind outlet has arrived! The used car markets of five South American countries ushered in a golden period

Conclusion: It is not the "explosion" of all South America, but Argentina takes the lead and the five countries collectively increase at a high level. It is a structural explosion rather than an overall explosion.

Real growth data (2025-2026)

Argentina (leader)

After the New Deal in 2025, China's used car exports will be +200% year-on-year. Starting from February 2025, electric vehicles priced at no more than US$16,000 can enjoy zero-tariff treatment. Its annual quota is 50,000. From January to April 2026, China exported a total of 115 used cars to Argentina. Batch, accounting for more than 80% of the country's total used car imports during the same period. Chile: +80% year-on-year in 2025, fuel vehicles and new energy are selling well within three years. Peru: +120% year-on-year, the number of economic cars and SUVs transported in 2 years. Colombia: +90% year-on-year, demand for pickup trucks and compact SUVs is strong. Ecuador: +100% year-on-year, car owners of low-cost fuel vehicles and small micro-electric vehicles hit.

Reason for the outbreak (three core points)

Argentina's tariffs are nuclear bomb positive: zero tariffs + quotas for used new energy cars, and full exemption from consumption tax on fuel vehicles, directly breaking the price of China cars. With the situation of left rudder and the gap just needed, all five countries have left rudder and there is no need to change the rudder. Local new cars are relatively expensive and the number of ownership is low, and the dependence on used cars is more than 60%. China's cars are cost-effective: new energy (BYD Dolphin, Wuling MINIEV), fuel vehicles (Great Wall Cannon, Chery SUV) have new vehicle conditions, low prices, and high profits.

But not "all-round soaring"(3 constraints)

The total base is still small: the five South American countries together account for less than 15% of China's used car exports, far lower than Central Asia, the Middle East, and Africa. Brazil firmly prohibits entry and does not allow the import of ordinary used cars. The compliance threshold for not participating in this round of growth is not low: IRAM certification, emission testing, and vehicle age limits are required, and it is not a "casual sale".

in a word

Argentina exploded, and four countries followed suit. 2025-2026 is the golden window period for used car exports in South America, but it is a "partial explosion" and not a global explosion.

Source: Xiong Yu, digital automobile export

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