Industry Report February 2018

In February the national production of vehicles was 39,085 units, 78.8% more than in January and 62.6% over the performance of the same month last year.

The sector exported 19,237 vehicles, that is, it recorded an 84.8% growth compared to January, and 48.8% over the volume recorded in February 2017.

In wholesale sales, the sector marketed to the dealer network 73,733 units, 14.4% more related to the previous month, and rose by 13% compared to the performance of February last year.

The return to the activity of the plants that remained on vacation in January allowed that in February -with a total of 18 working days- a production of 39,085 vehicles was reached, which means, 78.8% above the volume of the previous month when 21,858 units were manufactured and 62.6% over the 24,036 units that left the production lines in February last year.

In this way, with the partial number of February, the sector completed the first two months with a total of 60,943 cars and utility vehicles produced, which resulted in a 20% growth in comparison with the first two months of the previous year.

Continuing with the data recorded in February, the car makers exported 19,237 vehicles, reflecting an 84.8% increase compared to the volume recorded last January, and a 48.8% rise if compared with the 12,931 units that were exported in February 2017. Thus, the first two months closed with a total of 29,646 units, 30.7% over the same period last year.

In relation to the recorded data, the president of the Association of Automotive Makers (ADEFA), Luis Fernando Peláez Gamboa, stressed that, "after the volumes recorded in January which reflected the impact of seasonality and the downtime of plants for vacation and maintenance, the improvement of February allowed us to record a growth of 20% in production and 30% in export during the first two months. These data are in tune with the projections we anticipated last December".

In wholesale sales, ADEFA’s report notes that in February 73,733 units were marketed to the dealer network, that is, 14.4% more than the 64,452 units sold in January and 13% over the performance of the same month last year when 65,274 units were delivered to the car dealers.

The first two months of the year closed with 138,185 units delivered to the dealer network, 17% more compared to the same period last year.

"The behavior of the first two months of the year is the result of the joint work that has been done between the public and private sector and it shows that we should not lose the direction or the focus of the process undertaken," the president of ADEFA pointed. "According to the preliminary projections, this year we will be surpassing the 570,000 units of production, a volume that is still distant from the desired goal of the million units and this shows the challenge we have in front of us," Peláez Gamboa added.

"It is important to continue monitoring the behavior of the activity and not to stop working in order to have a sustainable industry in the long term. The continuous improvement of competitiveness, the promotion of new investments, the development of suppliers, the generation of employment, the access diversification and improvement to new markets are and will be our lines of action”, added the president of the association.

Press 03/05/18

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