He auto parts sector It closed the January-October period of 2023 with a drop in its activity of 1.4% compared to the same period in 2022. Likewise, the month of October registered a reduction of 3.6% compared to the same month of 2022, and When comparing it with September of the current year, there is a drop of 14.5%.
Although in the rest of the items associated with the chain there was an increase in activity in the accumulated, all registered a reduction of your activity during the month of October compared to September, including the manufacturing industry at a general level.
According to the official report, the situation of the auto parts sector was aggravated by the accumulation of commercial debt with foreign suppliers that has arisen due to the impossibility of making payments for imports: the debt is estimated at US$1,000 million, and represents an i57% increase compared to December 2022.
“The recurrent blockages to be able to make payments abroad have generated strong tension with external suppliers for not being able to comply with the various authorized and repeatedly postponed dates. The accumulation of commercial debt has caused various line stops, very big inefficiencies, cost overruns and great uncertainty,” they say from AFAC (Autopartes Argentinas).
Additionally, “a high sustainability risk on a large part of the suppliers who have been charged by the terminals for the incidence of imported inputs at the official exchange rate, without knowing when external commitments can be met, or at what exchange rate. This financial and economic mismatch, added to the iCountry Tax increase on unpaid imported inputs, entail a high risk of bankruptcy widespread, which demands a comprehensive, coherent and realistic sectoral solution,” they added.
Auto parts: the sectors with the highest and lowest activity in 2023
When analyzing the evolution month by month, the three main segments of the auto parts business (vehicle production, parts exports and independent replacement market) presented a trend that has been settling down for months.
activity.PNG
car production
The vehicle production increased during the January-October 2023 period by 15.9% compared to the same period in 2022, closing the accumulated figure with 517,173 units manufactured. The month of October presented a drop in production levels in relation to September that was around 8.5%.
When compared to the month of October 2022, the result was a slight drop of 0.9%. The auto parts exports, For their part, they had aa drop of 10.3% year-on-year during the analyzed period, while the month of October registered a significant decrease of 17.4%. For the segment of replacement market, When considering fuel sales as an approximate indicator of its level of activity, an increase of 1.7% year-on-year was observed for the first 10 months of 2023, and an increase of 6.5% if the month of October is compared. against September of this year. He month of October It was one of the months that presented the highest sales levels during the year 2023 (after March).
Source: Ambito
