Compared to the previous month, 10.6% fewer units were produced than in April. Exports grew in the monthly comparison.
With 16 business days of activity (one less compared to the previous month and four compared to the same month in 2023), the automotive terminals produced 38,440 units in May, 10.6% below April volume. The contraction is 27.9% when compared to the 53,282 units that were produced in May of last year.
In the accumulated of the first five months of 2024, the terminals produced a total of 184,707 passenger and utility vehicles, 23.8% below the 242,255 units produced in the same period of 2023.
Regarding performance in foreign trade, The sector exported 22,974 vehicles during the fifth month of the year, which showed a growth of 11.5% compared to April and 24.1% below compared to the same month of 2023.
In the accumulated shipments from January to May, the terminals exported 105,955 units, 17.7% less compared to the shipments registered in the same period last year.
“Over the past few weeks, we have experienced a series of sporadic shutdowns at several production plants, due to flooding in southern Brazil. Lack of parts supply, is reflected in the production volumes of the period and its comparison with the previous month,” he explained. Martin Zuppipresident of ADEFA regarding the behavior of the activity.
However, the manager also highlighted that “For the first time this year, there is an increase in export volumes and wholesale sales compared to the previous month.”. In this sense, and although it will require monitoring in the coming months, we observe that we could be in the presence of a change in trend, after having found a floor in these variables in the month of April. This change in trend during the month is encouraging and reinforces our commitment to continue working together with the Value Chain and the Government on the sector’s agenda.”
Regarding wholesale sales, the automotive sector sold 27,851 units to the dealer network in May, a figure 24.1% higher than deliveries in April and 27.9% below the volume of the same month last year. .
Between January and May, a total of 129,653 vehicles were sold to the network, 20.3% below the 162,723 units in the first five months of 2023.
Source: Ambito
