Cars: November closed as the best month of the year for production

With 20 business days of activity – one less than in its inter-monthly and inter-annual comparison – the automotive terminals produced 53,701 units, 2.4% above the records of the previous October and 5.1% less compared to November of last year when 56,569 units were manufactured.

Although the year-on-year data shows a rise before October Last November became the best month of the year in manufacturing matters.

This has to do with the increase in production that some terminals are being built and that will be consolidated in 2025, as they already anticipated Ford and Toyota.

In the cumulative period from January to November, The sector produced 468,553 passenger and utility vehiclesthat is, it registered a decrease of 18.3% compared to the volume that was manufactured in the same period of 2023 (573,742 units), as reported by ADEFA.

As for the foreign trade, The terminals as a whole exported 32,262 units during November, which translated into a decrease of 10.3% compared to last October and an increase of 6.1% compared to November 2023.

Between January and November, the terminals exported 288,068 units, 5.3% less than the 304,084 units that were sent to various markets during the first 11 months of 2023.

There is concern in the sector about what may happen in the coming months. With the Brazilian currency that continues to devalue, in the main market for Argentine car sales, the outlook is complicated in terms of competitiveness.

“November was consolidated as the best month of the year in terms of production, also registering a positive performance in exports and wholesale sales when compared with the results of the same month of the previous year, allowing us to continue cutting the year-on-year decline and close the year better than the projections made at the beginning of 2024,” he highlighted. Martin Zuppi, president of ADEFA.

The manager added that this improvement process “is the result of working together with the value chain and the Government, highlighting the elimination of COUNTRY tax, among other measures, which contribute to having an industry of scale, competitive, that continues to invest, export more and to new markets and enhance its already outstanding economic multiplier effect.”

In terms of wholesale sales, the automotive companies sold a total of 40,118 units to the dealer network in November, 8.0% below the volume of the previous month (this drop has to do with a seasonality issue) and registered an improvement of 35.0% compared to deliveries in November of last year.