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Latino Daily News

Tuesday December 10, 2013

Mexico’s Auto Production Hits Record Levels

Production of light vehicles hit a record level during the January-November period, rising 2.4 percent, compared to the same period in 2012, the Mexican Automotive Industry Association, or AMIA, said.

Vehicle exports set a record during both the first 11 months of the year, with a 2.8 percent increase, and in November, when they rose 2.3 percent, the AMIA said in a statement.

A total of 2.77 million units, including automobiles, pick-ups and light trucks, were produced in Mexico in the January-November period, up 2.4 percent from the same period in 2012, the trade group said.

Exports totaled 2.26 million units, with 1.53 million units, or 67.8 percent, sent to the United States, a figure that was up 9.1 percent from the January-November 2012 period.

Mexico’s automotive exports to Asia soared 49.2 percent, while exports to Canada surged 19.7 percent, the AMIA said.

Exports to Europe plunged 30 percent during the period, while those to Latin America and Africa dropped 15.8 percent and 15.3 percent, respectively.

Domestic vehicle sales, meanwhile, totaled 943,999 units during the January-November period, up 7.7 percent compared to the same period in 2012.

Automakers produced 255,695 units in Mexico in November alone, a figure that was down 3.5 percent from the same month in 2012, while exports totaled 224,874 units, up 2.3 percent from November of last year and a “historic level,” the AMIA said.

A total of 100,423 units were sold domestically in November, up 9.4 percent from the same month in 2012, the trade group said.

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