Automotive production fell 20% in February in Argentina

Total 26,133 vehicles were manufactured in February, 20% less than the same month the previous year. Export fell 6.8%.

Nissan production plant Cordoba, Argentina

The Association of Automotive Factories (ADEFA) reported that last month the automakers produced 26,133 light passenger and utility vehicles, 26.4% more than the volume of January and 20% less than the 32,662 units produced in the same month of 2019.

“It was with 18 business days of activity and with some terminals even without resuming their production programs as a consequence of the execution of improvements in the processes of their industrial plants,” the entity added, through a statement.

In the first two months, production was 46,816 units, reflecting a 1.4% contraction compared to the 47,465 that occurred in the same period last year.

The volume of vehicles exported during February was 18,115 units, thus registering an improvement of 108.4% compared to the 8,691 units in January. If the comparison is against the same month of 2019, the sector registered a drop of 6.8 percent.

In the accumulated of January and February, a total of 26,806 vehicles were exported, only 28 units less than in the same period of 2019.

In February, the sector sold 27,191 units to its dealer network, 5.7% more than in January and 10.6% less compared to February of the previous year. In total sales, the accumulated of the first two months shows a decrease of 12.4 percent.

“The data on production, wholesale sales and exports, taking into account the profile of our industry, are signs that indicate that the work being done must be reinforced,” said Gabriel López, president of the Association of Automotive Factories (ADEFA ), who added that “it is important to implement the measures proposed in the work prepared in conjunction with the value chain in the 2030 Strategic Plan to improve competitiveness and encourage the policy of opening new markets.”

López, who is also the owner of Ford Argentina, also asked the government to carry out some type of plan to stimulate sales at the dealerships. “It is also important to implement measures to boost demand in the domestic market that are instruments to reversing negative economic conditions and ensure the sector’s long-term sustainability,” he added.

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