Wednesday
April 16, 2014

As Brazilian demand drops

Thursday, December 5, 2013

Car production drops 20.2% in November

The production of vehicles in Argentina fell 20.2 percent in the month of November compared with the same month last year, the Automotive Manufacturing Association (ADEFA) said yesterday.

The car manufacturing industry produced 62,186 vehicles in November, the ADEFA’s report revealed, a figure which also signifies a 17.7 percent decline in relation to October’s production level.

Vehicle exports also took a slide, falling 24.6 percent to a total of 33,733 exported units, which the ADEFA associated with a decline in demand in the Brazilian car market.

“The contraction of the main variables — production and exportation — are directly linked to the recent developments that have been registered in the Brazilian market, which is the main destination for Argentine vehicles,” it noted, while adding that “it must be highlighted that the basis for year-on-year comparison is very high given that November 2012 was the third best month for production and the second for exportation.”

The manufacturing group also warned that “the production and exportation dynamics over the last few months and the situation in Brazil are a wake up call to realize that the articulation between the public and private sectors must continue in order to generate measures that permit investment, development by producers and, in particular, competition.”

Even as November registered the most significant year-on-year variation in production, the car industry still managed to roll out 746,085 vehicles, a 6.1 percent increase so far this year

Herald with DyN, Télam

But, 2013 has also been characterized by significant peaks and troughs in production. February‘s production was down 2.3 percent from the previous year, August levels slipped 12.2 percent and in October the amount of Argentine vehicle manufactured fell 4.8 percent from the same month last year. Meanwhile increases were registered in April and May, with 37 and 32 percent jumps from 2012, respectively.

In contrast to export figures for November, local dealers in Argentina purchased 75,274 vehicles, a 6.9 percent increase from 2012 but a 7.5 decrease since October this year.

Meanwhile, both domestic and international sales saw increases since the beginning of the year in comparison to 2012, with domestic levels up 18 percent and exports 9.5 percent higher.

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