The sector warns that, in addition to the impact of the supply crisis on supply, a clear lack of demand is beginning to emerge
Delay of the pandemic, supply crisis and, as a final blow, the war in Ukraine. The automotive sector continues without raising its head in one of the worst moments this important industry is going through for the country’s economic recovery.
The number of car registrations was 69,111 units in April, a period in which Easter has a remarkable seasonal impact. Despite this impact, the figure represents 12.1% less than the 78,594 recorded in the same month last year. And the sales decline is 11.8% if you take into account the first four months of the year (233,509 units compared to 264,649 a year ago).
The main industry associations collecting the data – manufacturers (Anfac), dealers (Faconauto) and sellers (Ganvam) – agree that the fear of spending in the face of economic uncertainty and the microchip crisis is behind these weak numbers for a of sectors is that pre-pandemic activity levels have not yet recovered.
Until now, supply factors characterized this evolution. But the industry is already starting to see demand factors that predict some tough months for the industry. “The sensations are not good, because in addition to the lack of supply, as there is still not enough stock, there has also been a clear lack of demand in April,” they explain from Faconauto.
“Families believe that the context, with an economic recovery on hold due to the effects of the war in Ukraine, is not the best for buying a vehicle and they are delaying visiting dealers,” they insist.
So, with April’s data in hand and if there is no trend change, the industry believes the market will barely cross 800,000 registrations by 2022, “something we should all watch with great concern, because of the implications that it will have. for the competitiveness of our sector and for the recovery of the rest of economic activity, thanks to the driving force of the automotive industry”.
The strong decline in the rental channel, with a decrease of 40.6%, is an important factor in determining the slow evolution of the market. The private and corporate channel, on the other hand, experienced a less pronounced decline. Over the past month, retail sales were down 1.4%, at 28,942 units, while business channel purchases were down 2.9%, at 28,111 units.
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
