Argentina's production falls due to stagnant exports to Brazil

Sales decline 4% in January-July 2015 due to recession and inflation

2015/09/15

Table of contents

Summary
Argentine production fell 12% in Jan.-Jul. 2015 due to declining exports to Brazil
Most OEMs' sales decline; Only Toyota enjoys sales increase
Government introduces Pro Cre Auto sales promotion policy for locally built vehicles
Activities of OEMs: Ford, GM, Daimler, Renault-Nissan, and Honda
Statistics

Summary

Argentine vehicle production and exports In Argentina, the automotive industry has been affected by recession, inflation and a lack of foreign currency. It is also impacted by weak economy in Brazil, Argentina's top export destination. Besides, the Argentine government's protectionist measures exert influence on the automotive industry.

Argentine vehicle sales for 2014 decreased by 36.3% year-over-year (y/y) to 610,000 units while its production fell by 22.0% y/y to 620,000 units. Regarding sales, imported vehicle sales plunged due to the government's import regulations. Production dropped owing to slow import of automotive parts caused by foreign currency restrictions as well as sluggish sales in Brazil. Vehicle production and sales in the country continue to be slack into 2015. It is anticipated that a new administration to be inaugurated following the presidential election in October 2015 will introduce a policy such as the easing of the import restrictions to promote the automotive industry.

Related Report:
Brazil sales to drop 21% in 2015 due to weak economy (Sep. 2015)

This report is for paid members only.

If you register as a free member, you can read the rest of this article for a limited time.
In addition, you can also enjoy the following content for free:

Market & Tech Reports

Global automotive production/sales

Launch schedule forecasts