Particle.news
Download on the App Store
79 ARTICLES
·
last mo.

Argentina Auto Output Ticks Up in March as Q1 Slump Prompts Push for Tax Relief

Automakers say tax relief is needed to stay competitive against cheaper imports.

Image
Image
Morgan Stanley
Changan. En lo que va de 2023, hasta junio, colocó 4.810 unidades. Es el líder de las marcas chinas en el mercado peruano con 5,5% de participación; y un crecimiento del 66,7% frente a lo hecho en 2022.

Overview

  • ADEFA’s March data, released Tuesday, showed 41,716 vehicles built, up 40.8% from February and 0.4% from a year earlier.
  • Despite the monthly bounce, first‑quarter production fell 19% to 92,346 units, with exports down 9.5% to 52,396 and wholesale deliveries down 12.2% to 112,078.
  • Exports recovered in March to 26,646 units, a 66.6% jump from February and 9.7% above last year, while dealer deliveries reached 41,453, up 14.2% month over month but 13.5% lower year over year.
  • ADEFA president Rodrigo Pérez Graziano warned of global oversupply and new entrants, including Chinese brands, and urged provinces and municipalities to cut local taxes and fees to restore competitiveness.
  • Following Thursday’s INDEC report of an 8.7% year‑on‑year drop in February manufacturing with autos down about 24.6%, the sector’s weak demand and rising import competition raise risks for plant output, jobs, and future investment.