Argentinian car output in March declined 8.4 percent, year-on-year, to 46,209 units, the nation’s automotive industry association, Adefa, said this week.
Despite the decreased production and exports in March, domestic sales improved 20.1 percent, year-on-year, in the same period to 60,694 units.
Exports in the third month of the year diminished 37.9 percent, year-on-year, to 17,192 units.
As for the accumulated period of January to March, Argentinian car output totaled 98,168 units, 18.1 percent down, year-on-year, while exports and domestic sales reached 35,258 and 162,139 units, 40.2 percent down, but 29.4 percent up, year-on-year, respectively.
Adefa’s president, Enrique Alemañy, said Argentina still depends on Brazil for much of its performance and was impacted by the economic condition affecting the neighboring country. As for the ongoing year, Adefa said the industry’s performance should remain similar to that of 2015.