Latinnews Daily - 06 February 2018

Argentina: The Argentine association of automobile manufacturers (Adefa) has reported that the country exported 10,409 automobiles in January, a 6.7% year-on-year increase.  The January automobile export figure is 42.8% lower than that registered in December 2017 but Adefa notes that January is traditionally a slow month for the sector as production levels are reduced due to the summer holidays and a lag in updating production lines to assemble new automobile models. Indeed, Adefa figures show that total national automobile production in January reached 21,858 units, a 18.3% year-on-year fall and 34.3% lower than the production figure registered in December 2017. However, Adefa said that the January export figures are positive and that they suggest that the sector will exhibit increased activity this year.

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