According to ADEFA, the sector exported 20,611 vehicles, that is, it registered a decrease of 12.2% compared to the previous month, and 32.9% less compared to the volume recorded in April 2023.
The automotive production It reached 42,974 units in April, this meant just 0.4% less compared to March and 22.6% less compared to the same month last year. According to the usual report from the Association of Automotive Factories (Adefa), the sector exported 20,611 vehicles, that is, it registered a decrease of 12.2% compared to the previous month, and 32.9% less compared to the volume. which was recorded in April 2023.
While, the drop in exports was somewhat slighterparticularly due to the rebound in Brazil, which is demanding more cars: the report indicates that the volume of vehicles exported during April 2024 was 20,611 units, a decrease of 12.2% compared to March and 32.9% less than in the same month last year.
On the wholesale sales side, the sector sold 22,450 units to the dealer network, a volume 25.6% lower than the previous month’s record, and 33.6% below the April 2023 volume.
“As we had been anticipating, in April the main variables of the sector continued to show an adaptation to the new economic reality”he pointed Martin Zuppipresident of ADEFA.
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Automotive industry: new announcements for the sector
The April production result does not yet reflect the impact of a series of measures that the national government announced weeks ago to improve the competitiveness of the automotive industry. In particular, the announcement will allow terminal suppliers to sell parts to terminals without tariffs and taxes. Tariffs will also be lowered on dies and molds, capital goods used by automotive companies and other sectors.
In addition, incremental exports compared to the level invoiced in 2020 will not pay export duties until December 2023.
Regarding the latest announcements, Zuppi said that they are “very satisfied with the measures promoted by the Government to improve the export competitiveness of the sector and reduce the cost of investments. since they are fundamental taking into account the productive export profile of the industry and the importance of attracting new projects in a context of high competition with other countries in the region”, and added that “we have to continue working in the same direction to reactivate the Internal market”.
Beyond the announcement, the manager asserted that “we must continue working in the same direction to reactivate the internal market.”
Source: Ambito
