Car production grew by 25% in March compared to last year

Between production for domestic consumption and production for export, the auto industry recorded growth of more than 30% in March. This was reflected in the monthly report of Association of Automobile Manufacturers of the Argentine Republic (Adefa)with confirmed values ​​for the third month of the year and cumulative values ​​for the first quarter of 2023.

According to the organization you group together 13 plants produce vehicles in our countryAs expected, the increase in car production in March compared to February of this year was 32%, thanks to the production of 61,104 units, compared to 46,286 units in the previous month.

However, with four business days in favor of the March numbers, it’s not a simple fact to point out In February 2,571 cars were made per day and in March there were 2,777 carswhich leads to an increase in the real production of only 8%.

Rather, the comparison March 2023 With the same month of 2022, production showed a growth of 25.4%which unites the year 2023 with a cumulative productivity increase from 105,058 to 134,574 units, between special commercial vehicles and light commercial vehicles.

at the level of the Exports also produced a positive jump In March 2023 values, 32,420 vehicles were sold abroad, which is an increase of 35.3% compared to the previous month, and 31.7% compared to the volume recorded in March 2022.

With these figures, the discrepancy in the growth of the proportion of national production destined for exports, since 53.1% of the total manufactured products were destined for foreign markets. This percentage exceeds the February value which was 52% and the March 2022 value which was 50.5%.

These data reflect that in order to balance the trade balance, Manufacturers export more cars than they leave for domestic consumptionwhich may in some way affect the sustainable 0 km delivery delay For Argentine consumers, as has been particularly noted in recent months.

When evaluating the cumulative number from January to March this year of production destined for export, the number of stations reached 67,738 units, i.e. 25.6% more shipments than were accounted for and recorded in the same period of 2022.

Finally, regarding wholesaleThe automotive segment sold 38,087 units to the dealer network in March, which is 26.4% more than the February deliveries of this year and 12.6% above the volume sold in the same month of the year 2022.

Taking into account the first quarter of the year, between January and March, a total of 90,324 units were sold to dealer networks, i.e. 13.7% more than 79,406 units in the first quarter of 2022.

“The volumes recorded by the sector in this first quarter maintain the growth trend we were projecting for 2023,” he says. Martín Galdeano, President of AdefaWho was re-elected last November, renewing the presidency that he had assumed in October 2021, when he replaced him. Daniel Herrero.

This finding highlights the importance of value chain joint action and enduring dialogue Detailing between the public and private sectors to find the mechanisms that allow us to maintain this growth In a challenging context”, highlighted the President and CEO of Ford Argentina.

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