The local automotive industry achieved its best performance in seven yearseven when there is still a month of production left to close the 2022 record, according to data reported on Monday by Automotive Manufacturers Association (ADEFA).
The body that brings together the car terminals reported that there were in November 53,378 units, 14.8% higher than the previous month.
With production achieved during the first 11 months of the year, the 499,774 cars, pick ups and utilities so far this year, an increase of 26.6%. It is a record that already surpasses everything produced annually since 2016.
Last week, the Ministry of Economy began to reduce the terms of access to dollars for imports at automotive terminals and some auto parts manufacturers. The head of ADEFA, Martino Galdeanoclaimed “a valid operating framework” in order to maintain the current level of production during the next year, despite the lack of dollars.
The truth is, the automotive industry is only now working at a rate of two laps in all its factories, and many of the factories installed in the country continue to have unused capacity.
It is an industry that has come to produce nearly 830,000 units just over a decade ago (in 2011) and ever since its production level was declining until it drops to just under 315.00 units in 2019 and 257,000 during 2020, the year of the pandemic. Last year the recovery began, with 434,000 vehicles.
In recent years, there has also been a conversion of the models produced by the local industry, with a clear prevalence of medium pickups, Today there are five models from as many brands: Toyota Hilux, Volkswagen Amarok, Ford Ranger, Nissan Frontier and Renault Alaskan.
There is also an incipient specialization in “SUV” type models, with models Toyota SW4, Volkswagen Taos and the recent chevrolet tracker Local.
The small to medium-sized car models (Class B) are the Fiat Cronos and the Peugeot 208, both today from the global car manufacturer Stellantis. The production of utilities such as the Peugeot Partner, Citroën Berlingo, Renault Kangoo and Mercedes Benz Sprinter.
The counterpart of this reconversion was the withdrawal of medium-sized sedans or “Class C” cars, which had been the specialization of the local industry ever since it began to join the Brazilian industry in the early 1990s . Only one model of that specialization survives, the Chevrolet Cruze made in Rosario
Charles Arterburn is a seasoned business journalist for News Rebeat, where he provides comprehensive coverage of the latest trends and developments in the world of finance and economics.