Auto production doubled from February to March, the best month for the sector since August 2018

APRIL 07, 2021
Auto production and exports, on the rise.

43,160 cars were produced in Argentina during March. It is the highest figure for the automotive production sector since August 2018. It marks an increase close to 100 percent compared to February and even higher compared to March 2020, reported the Association of Automotive Manufacturers (Adefa).

The more than forty-three thousand vehicles produced in domestic factories mean a 97.9 percent growth if compared to February, when 21,809 were assembled. There was a difference of 21,351 units between both months, a quite unusual gap.

The growth is higher when March 2021 is compared to March 2020, when 19,164 units were manufactured. The increase was 125.2 percent, although it is skewed by the total plant closures during a good part of the third month of last year, when the pandemic started (there were six working days less).

The last time Argentina had surpassed forty thousand units of national production in a month had been in August 2018, when 49,335 cars were manufactured.

In the first quarter accumulated, the sector produced a total of 89,227 passenger and utility vehicles; that is, 35.3 percent more compared to the 65,980 units it manufactured in the same period last year.

Exports, with 22,394 monthly operations, accompanied at a good pace the growth of production and rose 60.8 percent compared to March 2020 (13,928) and 48.7 percent compared to last February (15,055). The annual accumulated reached 49,373, 21.2 percent more if compared to the first quarter of 2020, when 40,734 cars were exported.

Finally, Adefa's report reveals that domestic sales (from factories to dealers) rose 71 percent in March compared to March 2020, thanks to 32,359 operations. The annual accumulated in this sector reached 86,338 units, 20.2 percent above the first quarter of last year.

"Without losing sight of our starting point, the industry's activity registers interesting levels and we are very positive about the performance in the coming months. We must continue working in this line and continue with the permanent dialogue of the whole value chain and the Government", highlighted Daniel Herrero, president of ADEFA.

"In spite of this, we cannot relax with care and we continue rigorously with all the sanitary protocols to minimize the risks due to the advance of the coronavirus in our country", said the executive and added that "in parallel to the prevention due to the internal situation, we follow with attention what happens at international and regional level in case it generates any impact on the sector".

Source: TN Autos

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