Industry Report September 2018

In September the national production of vehicles was 37.267 units, 24.5% less compared to August and 20.6% below the performance of the same month last year.

The sector exported 23,336 vehicles, which means 16.9% less than August, and it recorded a growth of 13.5% with respect to the volume of September 2017.

In wholesale sales, the sector marketed to the dealer network 42,628 units, volume that was located 18.4% below the record of the previous month, and 44.1% less in its comparison to the performance of September last year.

With an average of 20 working days, the automotive terminals produced 37,267 vehicles (cars and utilities), that is, a 24,5% drop was recorded in relation to August when 49,335 units were produced and 20.6% less when compared with the 46,961 units that were produced in September 2017.

Between January and September, the cumulative production was 370,707 units, that is 5.6% more than the 351,046 vehicles which were manufactured in the same period of the previous year.

Continuing with the data recorded in the ninth month of the year, the automotive terminals exported 23,336 vehicles, reflecting a drop of 16.9% in relation to the volume that was exported last month, and a growth of 13.5% if compared with the 20,561 units exported in September of 2017.

In the first nine months of the year, the sector exported 198,337 vehicles, which showed a growth of 31.3% over the 151,087 units which were shipped to various markets in the same period last year.

With respect to the analysis of the sector, the president of ADEFA, Luis Fernando Peláez Gamboa, separated the commercial performance from the industrial one. In this sense, he marked the strong impact recorded by the domestic market as a result of the macroeconomic correction. In that regard, he showed the importance of achieving in the shortest possible time the stability of the main macroeconomic variables with the aim of returning to foreseeable market conditions.

On the other hand, he said that regarding industry, the implementation of the decline in the refunds to Brazil added to the implementation of export rights have had a strong impact on the sector’s competitiveness. However, "We are working together with the authorities to find the way which would compensate the implementation of these measures taking into account that our sector exports 60% of what it produces, it represents 34.5% of the MOI (Industrial Manufacturing Exports) and it is located as the second sector that provides the largest foreign direct investment and the second of the total investment of the manufacturing industry (US$ 5,000 M for the period 2017/2019)”.

In wholesale sales, the Industrial report reflects that in September a total of 42,628 units were marketed to the network, which means, 18.4% less than the 52,224 sold in August and 44.1% below the performance of the same month last year when 76,192 units were marketed in the dealer network.

With a total of 563,096 vehicles marketed between January and September, the sector recorded an interannual drop of 12.1% in relation to total sales.

Press 10/03/18.-

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