News: Regions

Volkswagen Trucks and Bus announced that it will return in January from collective vacations to resume production in two full shifts, marking a return to a pre-April status.

Since April, alternating worker groups have managed the production line and remote work, with workers undergoing training courses during off-duty periods. This measure was essential due to a 37.8% decline in truck production and a 35.2% decrease in bus chassis production from January to October.

From January onwards, production will resume at full capacity, assuming positive market expectations.

Source: AutoData     Read The Article

BRAZIL/SOUTH AMERICA REPORT 

After a slowdown in October, Argentina’s vehicle production rebounded in November, reaching 56,500 units—an 8.9% increase from the previous month and 6% higher than November 2022.

Yearly production stands at 573,700vehicles, up 14.8% from the same period last year.

Exports rose 1.5% in the eleven months of this year, totaling 304,000 units. November’s 30,300 shipments increased by 6.4% from October but decreased by 3.1% compared to November 2022.

Registrations for the year reached 430,600, a 10.9% increase over 2022. In November, 35,7,00 units marked a 15% decrease from October but a 15.6% increase from November last year.

Source: AutoData    Read The Article

PSR Analysis: Although the market is demanding more than in 2022, part of the growth in November is related to more working days, totaling 21, compared to October. The new government in Argentina also helps to improve the popular optimism which impacts positively on the decision to buy a new vehicle.     PSR

Fabio Ferraresi is Director, Business Development-South America, for Power Systems Research