Argentina’s carmaking industry posted a 17.1% contraction in 2024, with an output of 506,571 units, a report from the Association of Automotive Manufacturers (ADEFA). Nevertheless, production is expected to reach 600,000 units this year. Last month alone, 38,018 units were built, which represented a 29.2% decrease from November and a -2.8% interannual variation. Meanwhile, exports amounted to 26,667 vehicles, 17.3% less than in November, but up 22.3% year-on-year.
January 7, 2025
SOURCE: MERCOPRESS
Argentina’s automotive industry forecast to bounce back this year