The vehicle production reached 46,490 units in November, which represents a year-on-year advance of 42.7 percent and 13.4 percent in relation to October, reported Adefa, an entity that groups together automotive terminals. The main boost came from exports, which grew 182 percent compared to November 2020 and 25.3 percent compared to October data.
The automotive situation is a reflection of the The distance that exists between broad sectors of the field of production and the world of politics and finance. The industrial world is experiencing a strong recovery after the shock of 2020, which was mounted on two years of crisis. This process occurs in parallel with a strong degree of uncertainty about how the next few months will be in exchange and inflation matters, given the fragility of the Central Bank’s reserves to sustain the current dollar scheme, added to the proximity of the agreement with the IMF.
Despite the question marks that rest on central variables of the macroeconomy for 2022, the president of ADEFA, Martín Galdeano, pointed out that “even with three more business days of production compared to the previous month, the sector maintained a good performance in November which is reflected through the increase in daily production ”. This improvement occurs even in an unfavorable scenario in terms of import policy, which has been closely regulated by the Government.
In November, the automotive terminals produced 46,490 vehicles, with which the count in eleven months reaches 394,904 units, a year-on-year advance of 74 percent. The accumulated data is also above 2019, which had a production of 300,263 units in the same period, although below 2018 (446,174 units) and previous years. In 2011, the best year for the sector, 776,359 units were produced between January and November, 96 percent more than in 2021.
Of the November production, 25,523 units were utility vehicles, while 20,967 cars were registered. So far this year, 230,699 utility vehicles and 164,205 automobiles have been manufactured. The relative inclination of the industry towards Utilities responds to the fact that they have a better export outlet to countries outside Mercosur and it also allows companies to gain scale, as there are few models on the market.
Between January and November, 239,672 units were exported, an improvement of 98.6 percent in relation to the value of 2020, which was determined by the closure of borders and the fall in logistics globally due to the outbreak of the pandemic. Of the total exported so far this year, 66 percent of the vehicles went to Brazil, followed by Central America (7.3 percent), Chile (6.5) and Peru and Colombia, both with 5.1 percent of the Argentine export market.
“70 percent of what was produced was exported and that allows us to consolidate ourselves as the first exporting industrial sector and the second largest exporter complex in the country, representing 28.3 percent of Argentina’s manufacturing exports of industrial origin (MOI) ”, said Galdeano.
Regarding the wholesale, The sector sold 27,811 units to the dealer network in November, 10 percent more than the delivery of the previous month, although a decrease of 11.5 percent compared to the same month of 2020. In eleven months, the sales of the terminals in the local market accumulated 301,666 units, a rise of 10.2 percent in relation to the data of 2020.
The data with a higher level of disaggregation show that of the 301,666 units sold to dealers, 154,152 units (51.5 percent) were produced in the country. The rest were imported. In 2020, there were 101,770 local units out of a total of 273,795 units, that is, 37 percent.