For the third consecutive month automotive production fell in November



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Devaluation, inflation, rising interest rates and "old" wages are a combination that the automotive industry has not been able to overcome and manifests itself in the third consecutive decline in aggregate output.

The monthly balance of the Association of Automotive Factories (Adefa) reported that, with 21 business days of activity (one business day less than October, but the same level of production / day), Automotive terminals produced 36,808 units, down 4.8% from October and 18.6% below the level of a year ago.

Such recess is explained exclusively by the new collapse of the internal market, the most intense since the crisis of 2002, 57.9% to 33,095 units, with decreases of 46.1% in national units, and 62.9% in the rest of the world, mainly in Brazil.

At Bank Magazine's 12th anniversary seminar, FCA president Fiat Chrysler Automobile, Cristiano Rattazzi, pointed out that "70% of the market moves to credit, then the increase in interest rates reduced the market this year to 800,000 units and is projected to 600,000 for the next year, but much higher than 89,000 in 2002. "

On the contrary, the improvement of the exchange rate competitiveness allowed exports to be boosted by 36.2% to 26,048 units, equivalent to more than two-thirds of last month's production.

Commercial surplus in units

O balance sheet after the first 11 months of 2018 It presented positive results of 1.4% in production, with 446,170 units; and 28.8% in exports, to 246,413 machines, more than half of the manufacturing of all local terminals.

On the other hand, the national wholesale market contracted by 20.2% to 633,398 units, each drop of 21.9% in national and 19.5% in imports.

The result of the trade balance in units was negative in 203,397 machines, against 44.6%.

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