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Montevideo, March 26th 2019 - 04:30 UTC

Argentine car exports felt in October the cooling of the Brazilian market

Monday, November 7th 2011 - 05:43 UTC
Full article 5 comments
Nevertheless Argentina expects a record year in production  Nevertheless Argentina expects a record year in production

Argentina's car makers, a key pillar of the industrial sector, saw production cool in October from the record levels seen in recent months as demand from neighboring Brazil dropped off.

Vehicle production in October totaled 73,237, down 8.4% on the month, but still up 11.2% on the year, according to the auto makers association, Adefa. Production during the first ten months of the year totaled 700.795, up 21.9% on the year.

The industry is looking forward to a record year for vehicle production and sales. Earlier this year Adefa forecast record 2011 production of 840.000 vehicles which would handily beat the previous high mark set last year of 716,540 vehicles.

However a signal of a slowdown in Brazil which takes over 80% of Argentina's vehicle exports has Argentine car makers nervous.

Argentina's October vehicle exports reached 42.455, down 4.3% on the month. However exports during the first ten months of the year were still up 20.2% on the year.

Auto sales in Brazil in October were down 10% on the month and fell 8.3% on the year, according to auto dealer association Fenabrave.

Through the first 10 months of the year, sales in Brazil were up 5.1% to 2.8 million, in line with estimates for 2011 sales growth of about 5%.
 

Categories: Economy, Argentina.

Top Comments

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  • O gara

    Typical Mercopress rubbish.October 2011 has seen an absolute record of Argentine exports to Brasil in one month 1,530 million dollars an increase of over 30% on 2010.(ah yes id bet Europeans would love a slow down with a 30% increase).Exports to Brasil are up over 18% in 2011.
    Imports are also at record level up year on year 28,6% so much for the supposed blocking of imports.Brasil sold Argentina in October 1993 million dollars worth of goods.Argentina will very soon pass out the United States as a customer of Brasilian goods.

    Nov 07th, 2011 - 11:10 pm 0
  • ChrisR

    @Ogara
    I keep seeing your vitriolic and misleading comments on various publications. Can you not read or understand the article - it's about the downturn in car sales in Brasil and the knock-on effect to Argentina. NOT about the alledged exports of the whole country.
    Please try and focus on the issues.

    Nov 08th, 2011 - 02:17 pm 0
  • O gara

    Dont see what was vitriolic about criticizing an article trying to show Brasil supposed cooling down is leading to problems for Argentinas exporters when THE FACTS ARE ARGENTINAS EXPORTS TO BRASIL IN OCTOBER WERE A RECORD.
    Is the issue not the twisted reporting of Mercopress?
    Obviously the car industry is important to the country but one months fall in the midst of a year with huge growth while at the same time other exports boom is hardly the basis for a reasoned article.
    So could i respectfully suggest the vitriol is all Mercosurs

    Nov 08th, 2011 - 10:26 pm 0
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