Argentina Auto Output Slumps 11.6% in August, Year-to-Date Down 17.1%

Argentine vehicle production fell 11.6% in August, deepening the year-to-date decline to 17.1%, driven by weak domestic dealership sales. Exports, which account for 62% of output, remain stable, indicating the contraction is domestic-demand led. This signals continued softness in Argentine consumption and industrial activity.