Iveco confirmed its leadership in the Argentine heavy commercial vehicle market, both by brand, displacing Mercedes-Benz, and by model, with the Tector 170E truck.

Iveco achieved market leadership in Argentina with a strong increase in registrations of 1,313 units, a 42% rise on 920 registered in the first quarter of 2022.

Argentina's CV market remained stable despite continued inflation and devaluation of the peso.

The Argentinian commercial vehicle market was reported to have grown by 1.5% with sales of 11,746 units in the first nine months of 2022, compared with 11,576 units in the same period last year, according to data from SIOMAA SA, a data analysis company specializing in the automotive sector.