Bloomberg News

Argentina Automobile Output Fell 6.7% in July From Year Earlier

August 03, 2012

Argentine vehicle production fell 6.7 percent to 65,900 units in July from a year earlier, the Argentine Automakers Association said.

Exports tumbled 38.4 percent to 28,483 vehicles, while sales declined 8.1 percent to 66,614 units, according to the report.

The 10 automakers based in Argentine, which have driven the country’s industrial growth since 2003, began cutting exports in March as demand for vehicles in Brazil, Argentina’s biggest automobile buyer, fell. Auto production dropped 36 percent in June.

Auto dealers’ sales last month fell 0.1 percent from a year earlier and rose 4.7 percent from June, the association said in an e-mailed report yesterday.

To contact the reporter on this story: Eliana Raszewski in Buenos Aires at eraszewski@bloomberg.net.

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.


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