Argentina’s car production, exports, and sales fell in June compared to the same month last year because of the effects related to the COVID-19 pandemic.
Car production dropped by 34.5pc to 15,657 cars in June from 23,916 vehicles produced in the same month last year, while exports plunged by 60.5pc to 6,875 cars from 17,401 units shipped in June 2019, according to the Argentine Association of Automotive Makers (Adefa). Car sales also fell by 34.9pc to 23,773 cars in June this year, from 36,501 vehicles sold in the same month in 2019.
Daniel Herrero, president at Adefa said that the automotive industry had gradually recovered on restarting operations on May 28 after being shut down for over two months. However, it would take a long time for the businesses to ramp up to the levels seen in 2019.
In the first six months of 2020, car production in Argentina dropped by 46.4pc to 86,439 cars, from 161,182 vehicles produced in the same period of 2019.
Vehicles exports also decreased by 50.6pc to 53,222 vehicles in H1 2020, from 107,686 cars shipped during the same period in 2019, while car sales fell by 34.2pc to 123,158 units, down from 187, 067 vehicles sold in the first six months last year.