The auto parts sector closed the first quarter of 2023 with an increase in its activity of 6.8% compared to the same period of 2022. When comparing the month of March against February of the current year, an increase of 36.0% was registered, and if it is compared with the same month of 2022, the result was an increase of 9.8%. In this way, the month of March presented one of the highest activity levels of the last three years (after March 2021 and August 2022). The three main segments (vehicle production, parts exports and independent aftermarket) showed positive figures.
“Although the results of the level of auto parts activity are good, there are certain drawbacks that generate concern within the sector,” warned AFAC in its report.
“From a recent survey carried out by AFAC in which 75 auto parts companies participated, it emerged that 77% of the companies are having delays in location projects and inconveniences in equipment maintenance as a result of the restrictions for advance payment”, he highlighted. .
“Additionally, the difficulties generated by AFIP Resolution 5339/23 (which suspends the certificates of exclusion from the IIGG and VAT collection regime) on costs were evident. 48% of the participating companies stated that they were affected by this measure, and of this, 39% had an impact on prices of more than 5% (in 36% of the cases it had an impact of more than 10%), thus generating a financial and economic impact, which paradoxically strongly affects the competitiveness of local production and leaves imports under Factory Customs out of reach, discouraging local purchases”, he completed.
Source: Ambito
