Automotive production rates in Argentina increased 46.6 percent year-on-year in June to 65,256 units, according to the ADEFA Argentina car-makers' association. The rates are promoting the domestic economy.The national fabrication rates registered a rise of 9.3 percent with respect to May, while the accumulative rates for the first part of the year registered a rise of 65.3 percent.
Vehicle exports rose 39 percent year-on-year to 40,813 unites, while concessionary sales, which include imported cars, saw a 41.8 percent increase in June to 60,940 units.
Automotive production is crucial for the creation of employment opportunities in Argentina after the 2008 and 2009 economic crisis.
The ADEFA organization said that what they had "registered thus far allows for the reaffirmation of the prediction that 2010 will close with 680,000 units, with exports reaching 400,000 vehicles and the internal markets closing in on 590,000 units."
Source: http://www.buenosairesherald.com/BreakingNews/View/38432
