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Industry Report June 2019

  • The national production of vehicles was 23,916 units and in June it recorded a 21% drop regarding May and a 39.3% drop compared to the same month last year.
  • Exports stood at 17,401 units and decreased by 20.3% compared to May and by 24% less compared to June 2018.
  • Sales to dealers were 36,501 units, 30.6% more than the previous month and 34.1% below the same period last year.

With an average of 17 working days of production, four days less than the previous month, the automotive terminals recorded 23,916 units produced in June, 21% less compared to the 30,280 of May, and 39.3% below the volume recorded in the same month last year when 39,420 units were produced.

In the first half of the year, the automotive sector produced 161,182 units, a volume that stood at 33.6% below the 242,655 units manufactured in the same period of 2018.

Continuing with the data of June, the automotive terminals exported 17,401 units, 20.3% less than the previous month and 24% below the 22,894 units that were shipped to various markets in June last year.

On an accumulated basis from January to June, 107,686 vehicles were exported, 11.4% less than the 121,570 shipped to various markets in the same period of 2018.

After the end of the first half of the year, the behavior of the main industrial variables continues in negative signs, except for wholesale sales that were driven by the implementation of the "0km June Plan". In this regard, the president of the Association of Automotive Makers (ADEFA), Luis Fernando Peláez Gamboa, noted: "We must continue working on the implementation of measures to enhance the sector, such as those taken to encourage sales through customer bonuses, or those implemented  to improve exports that accounted for 72% of the production of June and 62% so far this year."

In this regard, the executive added: "It is essential to continue working on the opening of new markets and in this scheme the new agreement reached between Mercosur and the European Union was signed".

"This agreement contemplates the longest-term schedule (15 years) for the sector. We understand that it is a necessary time for all the actors to make the necessary corrections to compete with this and other markets/blocs. Along this line, further work is also taking place to improve the access to Central American countries, of high interest to our industry," highlighted Peláez Gamboa.

Finally, as regards wholesale sales, in June 36,501 vehicles were marketed to the network, 30.6% more compared to May and 34.1% below the performance of the same month last year when 55,358 units were delivered to the dealers.

With a total of 187,067 units marketed between January and June, the sector recorded a year-on-year drop of 55.6% in total sales.

Press 07/03/19

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