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MercoPress, en Español

Montevideo, May 6th 2025 - 09:50 UTC

Tag: Car Industry

  • Saturday, March 8th 2025 - 10:36 UTC

    Car-making blooming in Argentina

    If local governments lowered their taxes, carmaking companies would have fewer costs, thus boosting the industry, Zuppi argued

    Argentina's automotive sector saw significant growth last month, with production reaching 42,419 units, a 41.1% increase from January and 13.1% higher than February 2024, according to a report released Friday by the Association of Automotive Manufacturers (ADEFA). The document also showed that exports rose to 22,496 vehicles, up 102.1% from January but down 4.6% compared to February 2024. In addition, Wholesale sales to dealers also surged, totaling 45,617 units, a 33.8% increase from January and 37.3% higher than the previous year.

  • Saturday, November 9th 2024 - 10:34 UTC

    Car sales skyrocket in Brazil

    These results were linked to the expansion of credit, employment, and income, in addition to a significant increase in deliveries to rental companies

    Car sales in Brazil went up 21.6% interannually last month, the best performance since 2014, according to a National Association of Automotive Vehicle Manufacturers (Anfavea) report released this week. The document mentioned 264,949 units sold last month alone, a 12.1% growth from September and also the highest monthly sales volume since December 2014.

  • Tuesday, February 6th 2024 - 11:11 UTC

    Car production in Argentina falls in January

    Argentina's automotive sector showed some growth regarding exports, Zuppi explained

    While car making in Argentina went down 16.7% year-on-year in January, exports grew by 34.7%, according to a report released Monday in Buenos Aires by the Association of Automotive Manufacturers (Adefa). Domestic vehicle production reached 22,643 units last month during a total of only 11 working days due to the prolonged summer recess. It also represented a 38.8% decline from December's output.

  • Friday, November 4th 2022 - 10:15 UTC

    Argentine carmakers report inter-annual progress

    Progress was achieved despite the shortage of inputs

    Despite the lack of auto parts and other foreign inputs due to government restrictions aimed at keeping US dollars within the Central Bank's reserves, Argentina's carmaking industry grew 27.8% year-on-year in October, it was reported in Buenos Aires.

  • Thursday, October 27th 2022 - 09:50 UTC

    Car production halted in Argentine plant due to lack of imported parts

    Stellantis hoped to resume production Thursday but there were no assurances

    Carmakers Fiat had to halt production Wednesday at its plant in the Argentine province of Córdoba due to the lack of imported inputs, the Stellantis group explained.

  • Monday, February 28th 2022 - 20:17 UTC

    Interannual sales of motor vehicles fall in Argentina and Brazil

    Vehicle sales slumped the most in Argentina and Brazil of all Latin American countries during January, according to a report with data for ten nations in the region.

  • Tuesday, January 11th 2022 - 13:53 UTC

    Brazilian car industry expanded 11% last year but still below 2018/19 potential

    This year ANFAVEA estimates a production increase of 9,4% equivalent overall to 2,46 million units

    Brazil's National Association of Automotive Vehicle Manufacturers, ANFAVEA said that the 2021 market had a significant improvement to the critical production level of 2020, but was still short of the potential of the industry both in domestic and foreign markets. Nevertheless, Brazilian exports of automobiles reach US$ 7,6 billion.

  • Friday, November 5th 2021 - 08:48 UTC

    Chinese carmaker to halt Uruguay operations

    Short demand from Brazil led to Lifan's departure

    The Chinese carmaking company Lifan has announced it would halt all of its operations in Uruguay and leave the country after agreeing to pay overdue wages to some 60 workers who have been laid off and alre already on unemployment insurance.

  • Monday, April 5th 2021 - 08:49 UTC

    Sales of used cars skyrocket in Argentina

    All transactions were paid for in cash, Lamas explained

    An increase of up to 65% in the sales of used cars was recorded this past month of March in Argentina, the Chamber of Automotive Commerce (CCA) reported.

  • Tuesday, January 12th 2021 - 08:56 UTC

    Ford after a century in Brazil, closes its three factories with a loss of 5,000 jobs

    Ford admitted some progress was made in phasing out unprofitable products, such as exiting the heavy truck business, cutting costs and launching new products

    Carmaker Ford said on Monday losses exacerbated by the coronavirus epidemic and fiscal uncertainties would see it close its three factories in Brazil, where it has operated for a century, terminating some 5,000 jobs.

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