Car production in Portugal grows 4.7% in March to 95,582


Share post:

Car production in Portugal reached 95,582 vehicles in the first quarter, up 4.7% on the same period last year, despite a drop of more than 20% in March, the Automobile Association of Portugal (ACAP) announced today.

Since the beginning of the year, 77,374 passenger cars have been built (+9.7% compared to March 2023), 16,833 light goods vehicles (-13.2%) and 1,375 heavy goods vehicles (+2.4%).

In March, 31,732 cars were produced in Portugal, down 20.2% on the same month last year, ACAP said in a statement.

Of the total number of cars produced in the third month of the year, 26,193 were passenger cars (-17.5% compared to March 2023), 5,117 light goods vehicles (-31.2%) and 422 heavy vehicles (-23.8%).

ACAP pointed out that foreign markets were the main destination for cars manufactured in the first three months of 2024 in Portugal, with 98.4% going to foreign markets, “which makes a significant contribution to Portugal’s trade balance”.

According to the association, Europe continues to be the leading market for exports of vehicles made in Portugal, with 79.8%, with Germany (22.3%), Italy (12.7%), Spain (9.5%) and France (9.3%) standing out as the four main destinations.

The African market remains in second place among the regions, with 12.7% – especially Algeria (10.2%), while Asia accounts for 3.8% of car exports.

In terms of heavy-duty vehicle assembly, 35 heavy-duty vehicles – all passenger vehicles – were assembled in March, equivalent to a year-on-year increase of 250.0%.

In the first three months, the accumulated figure rose 69.6% to 78.

ACAP points out that until March, 55.1% of vehicles assembled in Portugal were exported, representing 43 units, with the United Kingdom (67.4%) and Germany (32.6%) being the only destinations for these exports.

Hervé Hubert
Hervé Hubert
Hervé Hubert is a 55-year-old writer and journalist based in Porto, Portugal. Born in France, he brings a unique blend of French and Portuguese perspectives to his work. Education Hervé studied Journalism and Literature at the University of Lyon in France. After completing his studies, he gained valuable experience working with various French media outlets (Portugal France also). Career He worked for several years as a journalist in France before making the move to Portugal. In Porto, he joined the Portugal Pulse team as a staff writer. Skills Hervé specializes in storytelling, investigative journalism, and cultural commentary. He has a flair for capturing complex issues in a relatable way. Personal Life He currently resides in Porto and enjoys the city's rich culture, from Fado music to Francesinha cuisine. Hervé continues to maintain strong ties to his French heritage, often traveling back to France for family visits and cultural exploration. With his unique background and diverse skill set, Hervé Hubert adds a layered, multicultural lens to every story he covers.

Related articles

Exhibition at Torre do Tombo marks 250 years of Portuguese-Moroccan relations

The peace treaty between Portugal and Morocco, from 1774, will be on display from Friday at the Torre...

Average gross income per household increased by 19% between 2015 and 2020

The average gross income declared per family increased by 19% between 2015 and 2020, to 19,866 euros, with...

Madeira government announces 30% reduction in personal income tax across all tax brackets by 2028

The Regional Government of Madeira indicated today that it will apply the 30% tax differential in all IRS...

Chico Buarque’s new novel to be published in Portugal in September

Chico Buarque's new novel, "Bambino a Roma", which mixes fiction with memories of the time when the writer...