- Mexico: Mixed signals in Mexico’s automotive sector
In June, Mexico’s automotive landscape showed mixed signals (chart 1). A total of 361,047 vehicles were produced, representing a year-over-year decline of 1.89% compared with a 3.70% increase previously. Exports also fell, with 301,009 vehicles shipped abroad, down 9.20% year over year compared with a 1.74% decline previously. Meanwhile, light vehicle sales reached 126,902 units, reflecting annual growth of 7.74%, up from 4.95% previously. In the January–June period, production totaled 1,996,304 vehicles (down 0.42% y/y), sales reached 754,518 units (up 5.34% y/y), and exports totaled 1,666,184 vehicles (up 1.38% y/y).
—Rodolfo Mitchell, Miguel Saldaña & Martha Cordova
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