Logo La Derechadiario US
ES
Logo X
Two men pose for the camera while on the other half of the image an automobile assembly line can be seen, with workers wearing blue helmets.
The automotive industry is growing: strong rebound in sales and production in May | Camara La Derecha Diario
ARGENTINA

The Government boosts the automotive sector: strong increase in sales and production

The domestic market is driving car production in Argentina, and manufacturers are projecting more exports

by

Editorial Team

The automotive industry once again showed positive signs in May thanks to the boost from the domestic market.

The manufacturers highlight the sustained growth and are already setting an agenda to boost exports in the second half of the year.

A vehicle in the process of being assembled on an automotive production line.
The automotive industry once again showed positive signs in May | La Derecha Diario

Vehicle production grew by more than 25% in May

According to data from Adefa, in May 48,109 vehicles were manufactured in Argentina.

This represents an increase of 5.8% compared to April and 25.2% more than in May 2023, when 38,440 units were produced.

So far this year, 207,630 vehicles have already been produced, marking a growth of 12.4% compared to the same period in 2023.

ADEFA logo on a blue background with the silhouette of a car and the text Association of Automotive Manufacturers
According to data from Adefa, 48,109 vehicles were manufactured in Argentina in May | La Derecha Diario

Exports increased

During May, 26,346 units were exported, representing a rise of 16.4% compared to April. In comparison with May of last year, the growth was 14.7%.

New car carrier truck in a parking lot under a cloudy sky
During May, 26,346 units were exported | La Derecha Diario

However, in the accumulated total from January to May, 106,894 vehicles were exported, just 0.9% more than in the same period in 2023.

Wholesale sales with historic growth

The volume of cars sold to dealerships in May was 58,952 units. This implies an increase of 12% compared to April and a jump of 111.7% compared to May 2023.

Between January and May, 239,194 units were distributed, 84.5% more than the 129,194 in the same period of the previous year.

A Volkswagen car dealership with several vehicles displayed inside.
The volume of cars sold to dealerships in May was 58,952 units | La Derecha Diario

Automakers seek to boost exports

Martín Zuppi, president of Adefa, highlighted that May's figures match what was anticipated to the Minister of Economy, Luis Caputo.

He emphasized the joint work between the sector and the Government, and the need to improve conditions for exporting.

Gray-haired man in a dark suit speaking into a microphone at an institutional event with letters on the wall in the background.
May's figures match what was previously communicated to the Minister of Economy, Luis Caputo | La Derecha Diario

The automotive industry, the engine of industrial exports

"After the boost from the domestic market, we see a slower growth rate in exports," Zuppi explained.

He recalled that the sector accounts for 47% of exports of Industrial Manufactured Goods (MOI) and 65% of those destined for Brazil.

In addition, the automotive complex has a 9.5% share in the country's industrial GDP.

Orange industrial robots assembling car bodies in a factory.
The sector accounts for 47% of Industrial Origin Manufacturing (MOI) exports | La Derecha Diario

New tools to reach more markets

Zuppi pointed out that the agenda for the second half of the year will focus on boosting production with an export-oriented approach. "We agree with the Minister on the need to develop new tools to help increase exports," he stated.

He also highlighted that the destination markets in Latin America have been growing by 4% so far this year, about 55,000 more units.

➡️ Argentina

More posts: