Mercedes-Benz Argentina

On and off the field, luxury brands are the winners at the 117th Argentina Polo Open Championship.

Today is the Super Bowl Sunday of Argentina polo. This afternoon, eight of the world’s greatest polo players including Adolfo Cambiaso and Facundo Pieres will battle for the final jewel in the Triple Crown, the 117th Argentina Polo Open Championship.

Cambiaso’s La Dolfina Peugeot team is making their tenth final appearance in eleven years, while Pieres’ Ellerstina Etiqueta Negra side is looking to sweep the 2010 Triple Crown after victories at Tortugas and Hurlingham.

Drama, rivalries and storylines abound on Palermo’s perfectly-groomed No. 1 Field, but as sports marketing author and branding expert Claudio Destefano writes in his new book, Hay Otro Partido. (There’s Another Game). And in the case of Argentina polo, it’s a Partido de Lujo. This year’s Abierto has been a 21-day orgy of luxury brands seeking a superlative association in the minds of consumers and polo lovers. As Clari­n’s Marcelo Moreno writes today, “It’s the only discipline in which Argentines are the world’s best…seriously.”

From the team sponsors (Air France, Audi, BMW, Cardon, Ellerstina, Peugeot, Piaget) to the concession stands (Stella Artois served in the signature Chalice) to the parking lot (Mercedes-Benz brought the E63, the C63 and the new SLS AMG to Field 1 and the whole 2011 M-B line to Field 2), to the stands where patrons have put on a spring/summer fashion show each weekend.

“The skyboxes, the stands and the concession lines are all exhibition runways where the elegant sport of kings shines like a gala,” writes Moreno adding, “Seeing and being seen is the name of the game. And just wait for the final.” Fortunately for us, the wait is over. (Full Story in Spanish)

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Mercedes-Benz Argentina

If March sales figures are any indication, 2010 will be a very good year for MB Argentina.

If March sales figures were any indication, 2010 will be a very good year for European luxury automakers exporting to Argentina.

According to iProfesional; Audi, BMW, Mercedes-Benz and Porsche all posted double or triple-digit gains in units sold compared to March 2009. Several factors are contributing to the current boom: the falling Euro, pent-up demand after automakers slashed production and exports in ’09 and the introduction of several new luxury models in Argentina like the Audi A5 Sportback and the BMW 5-Series Gran Turismo.

BMW posted the largest gain with a 142% increase in units sold; 44% of those were 300 series models. Porsche was second with a 100% increase in units sold, while Audi posted a 52% increase. Of the four main European luxury brands, Mercedes-Benz sold the most units (588) in March.

And local analysts say the boom-de-lujo is not limited to autos; high-end consumer demand for fine watches, jewelry and whiskeys is also strong thanks in large part to the strength of the Brazilian economy which is being described as an umbrella for Argentine companies posting record exports of cars, appliances and textiles to consumption-minded Brazil.

Inflation has also forced the hand of Argentine retailers who are offering attractive, peso-denominated payment plans on goods once reserved for the upper class like large-screen LCD televisions. iProfesional also credits the European automakers for offering attractive financing plans like BMW’s four-year, 0% interest plan and bringing entry-level model prices down to around US$30,000.  (Full article)

For more information about luxury brands and living in Buenos Aires, download the new issue of InvestBA Privada.

Gama BMW: The X1 is one of 16 models BMW currently sells in Argentina.

Gama BMW: The X1 is one of 16 models BMW currently sells in Argentina.

Latin America Poised to Recover From Crisis Faster Than U.S. The week got off to a bullish start with that takeaway headline from the FELABAN Banker’s Conference in Miami.

FELABAN President Ricardo Marino summarized, “Latin America was one of the last regions to be affected by the crisis. It will be one of the first to recover.” Now some corporate earnings reports are offering validation, especially in the uber-sensitive luxury car market.

BMW’s October sales numbers released yesterday showed a 52% increase in BMW and MINI units sold in Latin America over 2008. “The joy of driving is our key value,” said Gernot Volkmer BMW Latin America Group CEO in explaining strong demand in Argentina and other LatAm countries. It’s even more impressive when you consider roughly 70% of vehicle sales in Argentina are all cash deals.

Vehicles are seen as an investment for many Argentines worried about high inflation at a time when local banks offer low interest rates for savings accounts,” according to Reuters’ Karina Grazina. And “the product offensive will continue,” according to BMW, “with the launch of the first premium compact SAV (Sports Activity Vehicle) in the region, the new BMW X1, as well as with the new BMW 5 Series Gran Turismo scheduled to arrive in Latin America by early 2010.” As the BMW ads say in Argentina…Placer Tiene Muchas Formas.

 

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