In times of economic instability, the bumbers thrown up by ADEFA (Asociación de Fabricantes de Automotores) industry group are far from trifling – local auto plants manufactured 61.104 vehicles in March, 25.4 percent more than in March 2022. The report also shows the total productions of units climbing to 134.574 last quarter or 28.1 percent up on the results of the first quarter of 2022.
These figures registered at the close of March have great importance, as the highest volume of units measured on almost a decade, going back to October 2013, when there was a record prduction of 72.987 units manufactured.
Ford Executive Martin Gladeano, who heads ADEFA, highlighted that “the volumes registered by the sector in this first quarter sustain the growth trends, which we had anticpated for 2023”.
The result “underlines the importance of joint work in the value chain, permanent dialogue and public-private partnership to find the mechanisms permitting this growth to be sustained in a very challenging context”, he added.
The reality indicates that the automotive terminals, which todat concentrate 98 percent of the vehicles marketed in the country, sold 38.087 units to local dealers in March – i.e. 12.6 percent more than the volume of the same month last year – while 90.324 units were sold wholesale in the first quarter of 2023, representing 137. percent more than the 79.406 units of the first quarter of 2022.
SOURCE: www.batimes.com.arin