Argentina auto output +26.3% m/m in Aug; YTD still -17.1% on car slump

Argentine vehicle production rose 26.3% month-on-month in August to 39,381 units, but year-to-date output remains 17.1% below last year. The divergence is structural: pickup trucks and utility vehicles are driving the recovery and supporting exports, while passenger car volume has fallen by roughly a third, reflecting weak domestic demand and a model-mix shift.