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"Mexico and Brazil: Can Latin America compete with China's Booming Auto Industry?"
Wim van Acker

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Argentinean auto output in March up by 68pct MoM

Dow Jones reported that Argentina's automotive industry turned up the heat in March 2011 as production surged amid rising demand for vehicles of all types.

The Argentine Automobile Manufacturers Association or Adefa said that vehicle production soared nearly 68% MoM from February 2011 and rose by nearly 34% YoY.

Car makers produced 70,487 cars in March 2011, up sharply from 42,051 in February 2011 and 52,669 in March 2011.

YoY car exports reached 38,994 units, up from 32,765 the previous month and 25,091 a year ago. Almost 83% of Argentina's car exports went to Brazil, while around 6.6% went to Europe and 3.2% to neighboring Uruguay.

Sales to local car dealerships rose by 25% to 70,583 units in March 2011 from 56,457 in February 2011. Sales were up by 29% YoY.

Mr Anibal Borderes president of Adefa said that "Once again it's evident that exports play a major role in the local automotive industry, which imposes on the entire sector the need to continue improving competitiveness."

Source: Steel Guru - GAI

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