Argentina produced 53,282 cars and light commercial vehicles in May, 14.1 percent more than in May 2022 and 2.1 percent less than in April.
Exports declined from April to May by 1.2 percent to 30,279 units, representing however a 13.1 percent increase from May 2022.
Domestic sales reached 38,604 units in May, 14.2 percent more than in April and 14.5 percent more than in May 2022.
According to Martin Galdeano, president of the country`s auto industry association Adefa, the numbers achieved by the sector during the first five months of the year still confirm that the upward trend forecasted for 2023 is maintained, despite the stoppages of assembly lines for maintenance and launching of new models, which has reduced the number of working days in May to only 20.
During the first five months of 2023, Argentina’s production of vehicles increased on yearly basis by 24.0 percent to 195,306 units.
Under the same comparative basis, exports increased by 19.0 percent to 128,753 units, while domestic sales increased by 13.0 percent to 162,723 units.