Tur­bu­lent outlook

AutoRevista - - Editorial -

Alt­hough the be­gin­ning of 2017 has been cha­rac­te­ri­sed by an up­ward trend in vehi­cle pro­duc­tion le­vels — which al­ready sug­gest the suc­cess­ful ma­nu­fac­tu­re of the tar­get three mi­llion units, ba­rring any ma­jor sur­pri­ses bet­ween now and year’s end — the Spa­nish au­to­mo­ti­ve in­dustry views the short-term fu­tu­re with tre­pi­da­tion. A num­ber of po­li­ti­cal chan­ges ap­pear to be stee­ring the world to­wards a tu­mul­tuous pe­riod in terms of the eco­nomy and tra­de. As ANFAC (Aso­cia­ción Es­pa­ño­la de Fa­bri­can­tes de Au­to­mó­vi­les y Ca­mio­nes – Na­tio­nal As­so­cia­tion of Au­to­mo­bi­le and Truck Ma­nu­fac­tu­rers) ex­pres­sed at the end of Ja­nuary, the re­turn to pro­tec­tio­nist po­li­cies in se­ve­ral key mar­kets that im­port vehi­cles ma­de in Spain cons­ti­tu­tes a clear rea­son to be wary. In this res­pect, alt­hough the US mar­ket exerts little in­fluen­ce on the vast ma­jo­rity of Spa­nish fac­to­ries, re­cent sh­rin­ka­ge in the Bri­tish mar­ket is ha­ving an im­pact. Si­mi­larly, whi­le the pro­duc­tion le­vels re­gis­te­red in the Al­ge­rian mar­ket in re­cent years had gi­ven cau­se for con­tent­ment, ta­riffs adop­ted by the North Afri­can country ha­ve sin­ce put a dam­per on the si­tua­tion. In the cu­rrent sce­na­rio, in­dus­trial plans — such as the one run­ning th­rough to 2020 laun­ched by Re­nault in Spain — might need to be re­gu­larly re­vi­sed and up­da­ted. Ne­vert­he­less, the OEM’s pro­gram­me could be con­si­de­red exem­plary in con­ti­nuing to dri­ve de­mons­tra­ted com­pe­ti­ti­ve­ness in a new en­vi­ron­ment fraught with un­cer­tainty.

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