Industry Report February 2020

In February, the national production of vehicles reached 26,133 units, 26.4% more compared to January and 20% less compared to the record of the same month in 2019.

The sector exported 18,115 vehicles, 108.4% over the previous month, and 6.8% less than the volume exported in February last year.

In wholesale sales, the sector marketed 27,191 units to the network, volume that was placed 5.7% above the volume of January, and it contracted by 10.6% in its comparison to the deliveries of February 2019.

With 18 working days of activity and with some terminals yet without resuming their production programs as a result of the execution of improvements in the processes of their industrial plants, the report of the Association of Automotive Makers (ADEFA) shows a production of 26,133 passenger vehicles and light utility vehicles, 26.4% more than the volume of January and 20% less than the 32,662 units produced in the same month of 2019.

In the first two months, production was 46,816 units, reflecting a 1.4% contraction in relation to the 47,465 which were produced in the same period last year.

The volume of vehicles exported during February was 18,115 units, thus recording a 108.4% improvement compared to the 8,691 units of January. If the comparison is with the same month of 2019, the sector recorded a 6.8 per cent decline.

Accumulated from January and February, a total of 26,806 vehicles were exported, only 28 units less than in the same period of 2019.

Continuing with the data recorded in February, the sector marketed 27,191 units to its dealer network, 5.7% more in relation to January and 10.6% less compared to February of the previous year. In total sales, the first two month accumulated showed a 12.4 per cent drop.

The current situation which the sector is going through, which is reflected in the volumes of the main industrial variables, raise concern in the sector. "The data of production, wholesale sales and exports, taking into account our industry’s profile, are signs that we must reinforce the work that is being done", said Gabriel López, president of the Association of Automotive Makers (ADEFA), who added that "it is important to implement the proposed measures in the work jointly developed with the value chain in the Strategic Plan 2030 to improve competitiveness, to encourage the policy of opening new markets and to implement measures to boost the domestic market demand to be instruments to reverse the negative indexes of the conjuncture and to ensure the sustainability of the sector in the long term".

Press 03/04/20.-

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