Friday, July 26, 2024

Record manufacturing and export of trucks in first half of year

Mexico’s heavy-vehicle industry registered record production and export figures between January and May this year, according to the national statistics agency, INEGI, and the National Association of Bus, Truck and Tractor Producers (Anpact). 

Compared to the same period in 2022, manufacturing of heavy vehicles increased by 24.3%, while exports increased by 20.2%.

Foton Aumark S3 EV Truck
Chinese manufacturers such as Aumark have recently moved production to Mexico, as part of plans to increase exports to North America. (China Trucks)

INEGI data showed that of 93,968 units manufactured, 97% (91,168) were trucks. The remaining 2,800 units were passenger buses.

Exports also registered a record figure of 75,264 units, of which more than 90% were sent to the United States. The remaining units went primarily to Canada (2.5%) and Perú (0.5%).

The report, compiled by Anpact and Sparta Motors, analyzed sales and manufacturing data from the 15 brands that operate within Mexico. In May alone, these companies sold 4,618 heavy vehicles at retail and 4,854 at wholesale. 

Anpact head Miguel Elizalde said that from January to June, the manufacturing of heavy vehicles reached 113,526 units, the highest number ever recorded — 8.9% more than the all-time high registered in 2019.

“If this trend continues, we will reach record numbers at the end of the year and we will maintain production leadership as the No. 5 world cargo manufacturer,” Elizalde said. 

In June, the industry manufactured 19,558 heavy units, the second-best month for production in  2023 and the highest June figures in the last four years. Industry exports hit 16,051 units, a 10% increase on the number registered in 2022. 

With reports from INEGI and El Economista

Have something to say? Paid Subscribers get all access to make & read comments.
The front pages of newspapers showing El Mayo Zambada's face with headlines in Spanish.

El Mayo Zambada: Who is the elusive Sinaloan drug trafficker recently arrested in Texas?

0
While his colleague El Chapo drew global attention with prison escapes and a flashy lifestyle, El Mayo avoided the spotlight — and arrest — for decades.
Héctor Melesio Cuén Ojeda, 68, was an accomplished businessman and influential politician in Sinaloa.

Héctor Melesio Cuén Ojeda, former mayor of Culiacán, is murdered

0
The federal deputy-elect and former mayor of Culiacán, Sinaloa, was attacked hours after leaders of the Sinaloa Cartel were detained in Texas.
A massive sinkhole opened up along Guadalajara's main boulevard on Thursday morning

Huge sinkhole causes chaos in Guadalajara

0
A 10-meter-wide sinkhole had traffic stopped throughout Guadalajara on Thursday, and authorities expect repairs to take at least 10 days.