Argentina

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Supplier Name Address Major Parts Suppliers Reports Country
Aberaldo Pongolini S.R.L Ramón Casabella 985 · C.P: 2300, Rafaela, Santa Fe, Argentina image
Acumuladores Moura SA - Argentina Plant Calle 3, N°1188 y Calle del Canal – Parque Industrial de Pilar. Código Postal 1629, Buenos Aires, Argentina image
Adient - Garin Ruta Panamericana Kilometro 38,5, Garin, Buenos Aires 1619 Argentina image
Adler Pelzer Pilar Parque Industrial Pilar, Ruta 8, km 60, Calle 20, 494, 1629 Buenos Aires, Argentina image
Aethra Sistemas Automotivos Argentina S.A. Colonia Impira 2690, Barrio Santa Isabel, Córdoba X5017LVV, Argentina image
A.Giacomelli S.A. Route 9 (S) Km.690 Ferreyra, Cordoba, Argentina image
Akwel Cordoba Argentina S.A. (Formerly Mgi Coutier Argentina S.A.) Lote 22 - Parque Industrial Ferreyra, X5925 Xad Cordoba, Argentina image
Albano Cozzuol S.A. (Formerly Industria Del Plastico Y Metalurgica Albano Cozzuol S.A.) Camino Centenario esquina Calle 518, 1900, La Plata, Provincia de Buenos Aires, Argentina image
Autoneum Argentina S.A. Av. O'Higgins 4085, Cordoba 5014, Argentina image
Balluff Argentina S.R.L. Tucumán 1, Piso 4, C1049AAA - Ciudad Autónoma de Buenos Aires, Argentina image
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 News
Apr 18, 2024

On April 17, Stellantis announced the investment of USD 100 million to acquire 49.5% of the capital of 360 Energy Solar S/A, an Argentine company specialized in renewable energies.

The association seeks to develop solar photovoltaic parks in automobile factories, implementing solar energy technologies, energy storage and green hydrogen production.

360Energy operates six solar plants in different Argentine provinces with an installed capacity of more than 250MWp and has projects to add 500 MWp extra. In addition, the company is seeking expansion to Latin America and Europe.

Currently, the Córdoba and Palomar plants are already supplied with energy from the La Rioja solar complex, showing the OEM's commitment to energy autonomy and reducing the carbon footprint, as part of its plan to achieve carbon neutrality by 2038.

(Stellantis Argentina on April 17, 2024)

Apr 17, 2024

The automotive market in Argentina displays all the characteristics of your favourite rollercoaster, as the country saw its sales reach 769k units in 2018, before dropping to 322k units in 2020 due to headwinds associated with the COVID-19 pandemic and the semiconductor and parts shortages. The country has been constantly grappling with economic issues that have put a strain on its citizens and Light Vehicle (LV) sales. Recent developments in the economic outlook for the country could disrupt the auto industry, even as the government has opened the door to higher vehicle sales with the removal of a key mandate.

Just as it seems that Argentina has overcome one set of issues, another set of factors arise and continue to challenge the country. Javier Milei won Argentina’s presidential election in December 2023, and since entering office, he has proposed extreme policies that have added to the uncertainty of the outlook for 2024. Examples of such controversial proposals are to shut down the central bank and to “dollarize” the Argentinian economy, by transitioning from the Argentinian peso to the US Dollar. Consumers continue to struggle with elevated inflation levels, as inflation hit 276.2% in February 2024, and the rate is expected to remain in triple-digit territory for the remainder of 2024. Forecasts indicate that the country may fall further into negative territory before positive results emerge, as the GDP growth forecast for 2024 indicates that the economy will shrink by 4.2%. The economy is expected to see growth in 2025, as GDP is predicted to expand by 4.6%, once the country has adjusted to some of the measures put in place by the government.

Among the President’s package of reforms, in December the administration lifted the import restrictions impacting the auto market. The policy was put in place by the previous government as a way to build the country’s foreign currency reserves. However, the move had unintended consequences. The restrictions discouraged many OEMs from importing vehicles into Argentina, as it is costly for the automakers to import their vehicles and components. This gave the manufacturers who already had a strong production presence in the country an advantage. So, will the change bring positive results for the Argentine auto industry?

There is some encouragement to be taken from preliminary auto market estimates from February and March, which indicated that imports made up a slightly larger percentage of sales. However, it is probably too early to judge whether this is due to the policy change, or whether it is just that domestic sales are down. The new administration lifted the import restrictions with the idea of supporting the automotive market in mind, but the uncertainty in the economy could overshadow the potential gains from the change. Furthermore, some OEMs and suppliers are still struggling to import parts for vehicles due to debts previously incurred with import brokers. For example, General Motors suffered from a slowdown due to a supplier struggling with payments associated with import restriction debt accumulation, and the GM Alvear Complex in Santa Fe Argentina will be closed from 27 March until 14 April. The Chevrolet Tracker Small SUV is one of the main products produced at the facility, and this could be a blow to the OEM as the SUV is the automaker’s strongest vehicle in its line-up in Argentina. Sales for the Tracker are expected to reach 7k units by the end of 2024, which could change depending on the results of the shutdown.

In addition, it is not just the domestic situation that is causing a headache for OEMs producing vehicles in Argentina. The automotive industry has been struggling across the continent, with sales slowing in Chile, Colombia, and Peru, as those countries battle with looming recessions. Toyota recently announced a layoff proposal to its workers at the Zarate Argentina facility as exports to Argentina’s neighbours look set to shrink.

Looking ahead, Argentina’s situation may get worse before we start to see an improvement, as LV sales are expected to drop by 27% YoY to 311k units in 2024, down from 424k units reported the year before. With the citizens suffering from elevated levels of inflation and interest, it could be difficult to justify purchasing a new vehicle as the associated costs are too high. People are waiting to see the outcome of some of the policies put in place by the newly elected government. Overall, we believe lifting restrictions will result in a slight increase in imports. Imported vehicles accounted for 6.7% of sales in 2023, and as 2024 is the first year without the import restrictions in place, sales for imports could potentially account for 8.1% by the end of the year. As the country adjusts to the changes in its economic and political landscape, Argentina is expected to see its LV sales start growing again in 2025, as the lifting of the import restrictions could provide the boost that the market needs to push its economic misfortunes to the sidelines.

(GlobalData blog on April 11, 2024)

Apr 09, 2024

On April 8, Argentina’s Association of Automobile Manufacturers (ADEFA) announced that wholesale sales of 30,176 vehicles in March were down 9.2% from February sales, and down 20.8% from March 2023.

Of those vehicles sold in March, 21,100 were passenger cars, 15.3% less than last March, and 9,076 were commercial vehicles, 31.1% less than last March.

Argentina’s production of 43,159 units in March was up 15.1% from February, and down 29.4% from March 2023.

Of those vehicles produced in March, 20,370 were passenger cars, 30.6% less than last year, and 22,789 were commercial vehicles, 28.2% less than last year.

In March, 23,484 vehicles were exported, 0.4% less than in February, and 27.6% less than last year.

Of those vehicles exported in March, 10,381 were passenger cars, 23.1% less than last year, and 13,103 were commercial vehicles, 30.8% less than last year.

Through 2024 thus far, Brazil received 71.7% of Argentina’s exports, Central American countries received 11.8%, Peru received 3.9%, Chile received 3.1%, Colombia received 2.8%, Paraguay received 1.7%, Uruguay received 1.6%, Mexico received 1.6%, and Ecuador received 0.5%. 

(ADEFA release on April 8, 2024)