As expected due to the drop in domestic and foreign demand, coupled with the large number of holidays, June was a bad month in terms of automotive production.
With 15 business days of activity – (one less than May and five days less compared to June 2023), Automotive plants produced 32,029 units in June, 16.7% below the volume of the previous month and was reduced by 40.2% compared to the 53,522 units produced in June last year, according to the association that groups the terminals (ADEFA).
In the cumulative total for the first six months of 2024, The terminals produced 216,736 passenger and utility vehicles, 26.7% less than the 295,777 units that occurred in the same period in 2023.
In terms of foreign trade, The sector exported 20,884 units in June, 9.1% less than the previous May and 10.3% less compared to June 2023. In the first six months of the year, the sector sold a total of 126,839 vehicles to various markets, which was a 16.6% decrease compared to the first half of 2023.
“At the end of the first half of the year and as planned, it continues the process of adaptation to the new economic context and the organization of the production programs of the terminals which are reflected in the volumes of activity for the period,” he explained. Martin ZuppiPresident of ADEFA.
In this regard, the director added that it is a time to “redouble efforts and continue working together with the value chain and the government on a proactive agenda so that, together with the announced measures, they generate the conditions to return to the path of growth as soon as possible.”
In wholesale sales, In June, the automotive sector sold 32,333 units to the dealer network, 16.1% more than deliveries in May and 26.7% below the volume of the same month last year.
In the cumulative period from January to June, a total of 161,986 vehicles were sold to the network, 21.7% less than the 206,861 units that were sold in the first six months of 2023.
Source: Ambito
