The domestic market shrank slightly for new-vehicle sales in Mexico in the first half of the year, but production and exports were another story.
Light vehicle production rose 12.5% between January and June compared to the same period last year, and exports increased 14%, the Mexican Automotive Industry Association said today.
The production numbers set a new record: 1.88 million vehicles came off Mexico assembly lines during the period. The numbers for June alone were up 4.9% over June 2016, while June exports jumped 12%.
Exports for the six-month period totaled 1.32 million units.
The growth has come despite a 2.2% decline in sales in Mexico’s principal export market. Sales of Mexican-made vehicles were up 15.9% to 215,235 units in the United States last month, a figure that represents 14.7% of all light vehicles sold.
Ward’s Automotive reported a 2.2% drop in light-vehicle sales in the U.S. during the first half of the year.
If Mexico’s automotive production continues at the same pace, 2017 will be another historical year. The trend indicates production numbers could reach 3.7 million vehicles, up from 3.46 million last year.
Domestic sales declined 5.3% last month. They were up 2.9% in the first six months.
Source: Milenio (sp), El Economista (sp)