According to an AFAC report, the rise in activity so far in 2023 continues. Vehicle production, exports, and the replacement market were the three most prominent segments.
He auto parts sector closed the first five months of the year with an increase in its activity of 1.3% compared to the same period in 2022, according to a report prepared by the Association of Argentine Component Factories (AFAC).
Activity grew 9.1% month-on-month in May and fell 2.5% year-on-year, it was specified. Although some items associated with the automotive chain presented slight slowdowns compared to April, all registered increases in their activity so far in 2023, continuing with the positive growth trend, considered AFAC.
When analyzing the evolution month by month, the three main segments of the auto parts business (vehicle production, parts exports and independent replacement market) show positive trends.
How many units were produced in five months
In this sense, the entity specified that the production of vehicles increased during the January-May period by 24% compared to the same period last year, closing the accumulated with 242,255 units manufactured.
P10 – auto parts-autom_opt.jpeg
In May, there was a 2.1% drop compared to April, mainly due to the readaptation of assembly lines for maintenance and the launch of new models.
For their part, exports of auto parts lost 1.8% year-on-year during the analyzed period, although an increase of 5.5% month-on-month was registered.
For the replacement market segment, considering the sale of fuel as an approximate indicator of its level of activity, a rise was also observed for the accumulated January-May, standing at 3.6% year-on-year and 1.8% month-on-month. .
Source: Ambito
