The national production of vehicles closed the first half of the year with a year-on-year rise of 21.4% and completes the best start to the year since 2014. Within this framework, the Secretary of Industry and Productive Development of the Nation, Jose Ignacio de Mendigurenhighlighted the work carried out by the economic team and stated that “the automotive sector is an example of what we can do industrially in the country.”
“These numbers show the positive impact that a productive-competitive development model like the one we promote from the team that leads Sergio Massa”assured the Secretary of Industry and Productive Development of the Nation, Jose Ignacio de Mendigurenit’s a statement.
According to data from the Association of Automotive Factories (ADEFA)in the first six months of 2023, the automotive industry reached 295,777 vehicles produced and exceeded the 243,698 units that were produced in the same period of 2022.
so, in the accumulated of the first semester the sector produced 21.4% more than in the same period last year, thus reaching the best January-July in nine years.
In this sense, De Mendiguren added: “The automotive sector is an example of what we can do industrially in the countrywe work every day to continue building a State policy that makes it more competitive worldwide, in agreement with companies and workers”.
Automotive production: up more than 10% year-on-year
In the month of June, 53,522 units were produced, which meant a up 10.6% year-on-year and 0.5% in relation to May of this year.
This way, the automotive sector registered the highest level of production for a month since June 2015without counting March and April of this year, which were higher.
“The activity maintained the volumes that were registered the previous month with a slight increase of 0.5% in production, but not exports, which were affected by logistics and freight problems”he pointed Martin Galdeanopresident of Adefa, in a statement.
It is that with regard to foreign trade, the sector exported 23,291 units in June, which showed a drop of 27.0% compared to the same month last year and 23.1% less in the comparison with May.
In the accumulated of the first six months of the year, automotive terminals exported 152,044 units, a 8.6% more compared to the 140,049 units that were shipped to various markets between January and June 2022.
The manager added that “At the end of the first semester, the sector shows an accumulated growth of 21.4% and 8.6% in production and exports, respectively. This behavior drives reinforce joint work with the Value Chain and the Government to face the current challenges that ensure the growth trend shown in the first semester“.
Regarding wholesale sales, the ADEFA report highlighted that in June the automotive sector sold 44,138 vehicles to the dealer network, that is, 18.5% more than the volume of June 2022 and 14.3% compared to the deliveries of the previous month.
If we take the first six months of the year, sales to dealers were 206,861 units, which is a 14.1% increase compared to the first half of last year.
Source: Ambito
