Key Takeaways
- In 2022, Argentina produced 486,657 light vehicles, marking a 12.4% increase from 2021.
- In 2023, total vehicle production in Argentina reached 528,000 units, an 8.5% rise year-over-year.
- Passenger car production in Argentina totaled 344,978 units in 2022.
- In 2022, Argentina's domestic vehicle sales reached 415,789 units, down 8.5% from 2021.
- January 2023 sales: 47,901 units, +28.6% YoY.
- Pickup sales in 2022: 112,456 units in Argentina.
- In 2022, Argentina exported 194,567 vehicles, down 28% from 2021.
- Exports to Brazil: 85% of total, 165,000 units in 2022.
- Vehicle export value: USD 6.5 billion in 2022.
- In 2022, auto industry employed 112,000 direct workers in Argentina.
- Total jobs including indirect: 450,000 in 2022.
- Average salary auto worker: ARS 450,000 monthly 2022.
- In 2022, investments in Argentina auto industry totaled USD 1.2 billion.
- Toyota invested USD 400 million in hybrid production 2023-2025.
- Installed capacity: 1 million vehicles annually.
Argentina's auto industry rebounded strongly in 2023 after a pandemic slump.
Domestic Sales
- In 2022, Argentina's domestic vehicle sales reached 415,789 units, down 8.5% from 2021.
- January 2023 sales: 47,901 units, +28.6% YoY.
- Pickup sales in 2022: 112,456 units in Argentina.
- Passenger car sales 2022: 238,000 units.
- Toyota Hilux was the top seller with 50,123 units in 2022.
- Cumulative sales Jan-Sep 2023: 312,000 units.
- Market share of national production in sales: 85% in 2022.
- Imported vehicle sales: 62,000 units in 2022.
- Light commercial sales: 65,333 units 2022.
- Volkswagen Amarok sales: 28,456 units in 2022.
- 2023 forecast sales: 450,000 units.
- SUV sales surged to 120,000 units in 2022.
- Fiat Cronos sales: 42,000 units top compact.
- Q1 2023 sales: 120,000 units, +20%.
- Chevrolet sales total: 55,000 units 2022.
- Renault sales: 48,000 units in 2022.
- Feb 2023 sales: 38,000 units.
- Market contraction 2022 vs 2019: -25%.
- Ford Ranger sales: 35,000 units 2022.
- Average monthly sales 2022: 34,600 units.
- Toyota sales share: 28% in 2022.
- Electric vehicle sales: 1,200 units in 2022.
- Used car sales ratio to new: 3:1 in 2022.
- Nov 2022 sales: 32,456 units.
- Peugeot sales: 25,000 units 2022.
Domestic Sales Interpretation
Employment and Labor
- In 2022, auto industry employed 112,000 direct workers in Argentina.
- Total jobs including indirect: 450,000 in 2022.
- Average salary auto worker: ARS 450,000 monthly 2022.
- Employment growth 2023: +5,000 jobs.
- Women in auto workforce: 15% in 2022.
- Training programs: 20,000 workers trained 2022.
- Unemployment rate in sector: 4.2% 2022.
- Toyota Zárate plant: 7,500 employees 2022.
- Volkswagen Pacheco: 8,200 workers 2022.
- Ford General Pacheco: 5,500 employees.
- Parts sector employment: 65,000 direct 2022.
- Labor accidents rate: 2.1 per 100 workers 2022.
- Union membership: 95% of workforce.
- Shift workers: 60% double shifts 2022.
- Engineers in industry: 12,000 professionals 2022.
- Youth employment under 30: 25% 2022.
- SMATA union strikes: 15 days lost 2022.
- Remote work adoption: 5% in plants 2022.
- Wage increase 2023: 50% negotiated.
- Córdoba auto cluster: 30,000 jobs 2022.
- Temporary contracts: 20% of total employment.
- Health benefits coverage: 100% workers 2022.
- R&D staff: 2,500 employees 2022.
Employment and Labor Interpretation
Exports and Trade
- In 2022, Argentina exported 194,567 vehicles, down 28% from 2021.
- Exports to Brazil: 85% of total, 165,000 units in 2022.
- Vehicle export value: USD 6.5 billion in 2022.
- Pickup exports: 90,000 units in 2022 mainly to Brazil.
- Jan 2023 exports: 20,345 units, +15% YoY.
- Cumulative exports Jan-Nov 2022: 178,000 units.
- Auto parts exports: USD 3.2 billion in 2022.
- Exports to Mercosur: 95% of total vehicles.
- Toyota Hilux exports: 40,000 units 2022.
- Volkswagen exports: 55,000 units to Brazil 2022.
- Import value of vehicles: USD 2.8 billion 2022.
- Ford Ranger exports: 30,000 units 2022.
- Q3 2023 exports up 10% to 50,000 units.
- Parts imports: USD 4.1 billion in 2022.
- Trade balance autos: +USD 2.5 billion surplus 2022.
- Exports to Mexico: 5,000 units 2022.
- Renault exports: 15,000 units 2022.
- Cumulative 2023 exports forecast: 220,000 units.
- Brazil import from Arg: 70% pickups.
- Steel for exports production: 1.2 million tons 2022.
- Vehicle export destinations: 20 countries 2022.
- Fiat exports: 12,000 Cronos to Brazil 2022.
- GM exports: 10,000 units 2022.
Exports and Trade Interpretation
Investments and Capacity
- In 2022, investments in Argentina auto industry totaled USD 1.2 billion.
- Toyota invested USD 400 million in hybrid production 2023-2025.
- Installed capacity: 1 million vehicles annually.
- Volkswagen USD 270 million for new SUV line 2022.
- Capacity utilization rate: 48% in 2022.
- Ford USD 150 million for Ranger updates.
- Auto parts investments: USD 800 million 2022.
- Government incentives via RePro: USD 500 million saved.
- New plants announced: 2 in 2023.
- R&D investment: 1.5% of sales 2022.
- Mercedes-Benz USD 100 million for Vito van.
- Electrification investments: USD 300 million planned to 2025.
- Machinery imports for expansion: USD 400 million 2022.
- Renault USD 100 million Santa Isabel upgrade.
- Capacity expansion 2023: +10% to 1.1 million.
- Fiat USD 80 million for new models.
- Tech transfer investments: USD 50 million 2022.
- Sustainability investments: USD 200 million green tech.
- GM USD 90 million for Tracker line.
- Parts localization investments: 60% local content target.
- Foreign direct investment FDI: USD 900 million 2022.
- Digitalization capex: USD 150 million 2022.
Investments and Capacity Interpretation
Production Statistics
- In 2022, Argentina produced 486,657 light vehicles, marking a 12.4% increase from 2021.
- In 2023, total vehicle production in Argentina reached 528,000 units, an 8.5% rise year-over-year.
- Passenger car production in Argentina totaled 344,978 units in 2022.
- Light commercial vehicle output was 127,034 units in Argentina for 2022.
- In January 2023, Argentina's auto production hit 39,845 units, up 28.2% from January 2022.
- Cumulative production from Jan to Sep 2023 reached 386,000 vehicles in Argentina.
- Toyota's production in Argentina was 144,717 units in 2022 at its Zárate plant.
- Volkswagen Group produced 120,456 vehicles in Argentina in 2022.
- Ford Argentina manufactured 85,000 units of Ranger pickups in 2022.
- In 2021, auto parts production value in Argentina was ARS 1.2 trillion.
- Heavy truck production in Argentina was 5,234 units in 2022.
- Renault Argentina produced 62,300 vehicles in 2022 at Santa Isabel plant.
- Cumulative light vehicle production Jan-Nov 2022: 426,000 units in Argentina.
- In 2020, production dropped to 194,000 units due to pandemic.
- Mercedes-Benz Vans produced 12,500 units in Argentina in 2022.
- Pickup truck production totaled 141,645 units in 2022 in Argentina.
- In Q1 2023, production increased 25% to 126,000 units.
- Iveco produced 4,200 trucks in Argentina in 2022.
- Auto engine production reached 450,000 units in 2022.
- In 2019 pre-pandemic peak, production was 570,000 vehicles.
- Fiat Cronos model production: 45,000 units in 2022.
- GM produced 70,000 Chevrolet Tracker SUVs in 2022.
- Cumulative 2023 production forecast: 550,000 units.
- Motorcycle production auxiliary to autos: 500,000 units in 2022.
- Scania truck production in Córdoba: 3,800 units 2022.
- In Feb 2023, production was 44,000 units, +32% YoY.
- Bodywork production for vehicles: 120,000 units 2022.
- Honda auto production: 15,000 units in 2022.
- Total chassis production: 300,000 in 2022 Argentina.
- 2022 average daily production: 1,900 vehicles.
Production Statistics Interpretation
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