Argentinian auto production in May declined 9.7 percent year-on-year to 45,990 units, according to data released by the nation’s automotive association, Adefa.
According to Adefa, auto production in the fifth month of the year fell 1.3 percent, month-on-month, while exports rose 5.8 percent to 22,454 units in the same basis of comparison. Despite the month-on-month increase, exports of autos in May diminished 25.5 percent, year-on-year.
Adefa said Argentinian automakers produced 216,154 units in the cumulative period of January to May, 16.1 percent down year-on-year.
Exports in the five-month period totaled 104,088 vehicles, 24 percent down year-on-year, from the 136,957 units registered in 2014.
Despite the decline in auto production and exports in May, Adefa said the behavior of the nation’s automotive industry for the first five months of 2015 had “certain stability.” The association said it will continue monitoring the performance of neighboring countries, such as Brazil, which has been registering consecutive declines in auto production, sales. “[We’ll see if] this will have an impact in our activity,” said Adefa’s president, Isela Costantini. Brazil is Argentina’s main automotive partner in the Mercosur trade block.
Domestic sales for the January-May period totaled 230,627 units, 9 percent down year-on-year. In May, domestic auto sales reached 53,286 units, 5.2 percent up year-on-year.