Argentinean Auto Industry Shrinks 19 Percent in November

Buenos Aires, Dec 7 (Prensa Latina) The auto industry in Argentina shrank nearly 19 percent in November, compared to the same period in 2017, while wholesale sales to the domestic market also decreased.

According to a recent report from the Association of Automobile Manufacturers (ADEFA), quoted by several news websites, wholesale sales plummeted 57.9 percent compared to the same period last year.

The national production of vehicles was 36,808 units in November, 4.8 percent less than in October and 18.6 percent below the same month in 2017, ADEFA said.

The report states that in wholesale sales, the sector sold 33,095 vehicles, a volume that was 11.1 percent below November's record and 57.9 percent less compared to November 2017.

Finally, the Association stated that with a total of 633,398 vehicles marketed between January and November, the sector recorded a year-on-year decrease of 20.2 percent compared to total wholesale sales.