Mexican Auto Industry Sets Export Records in March

By Elliot Bullman

Automotive production soared 36% in March, highest recorded for any month amid concerns over access to U.S. market under Trump

Mexico set records for auto production and exports in March as the local industry benefited from new assembly plants, strong external and domestic demand, and the shift in the Easter holiday to April.

shutterstock_131366753

Automotive production and exports broke new records in March, soaring 36% and 32.7% respectively compared to March 2016.

The automotive industry produced 363,687 light vehicles last month, while exports totalled 297,571, said the Mexican Automotive Industry Association (AMIA). Both figures were the highest ever recorded for any month.

shutterstock_68951632 1

AMIA president Eduardo Solís cautioned that last year’s numbers were affected by Easter Week falling during March and technical work stoppages during the same month. Another factor is new competitors adding to the production output, he said.

Exports also broke a record in the first quarter with 750,000 units, up 14.2% over the same period last year. Eighty-five per cent of those vehicles were exported to the United States and Canada.

shutterstock_196631168

Domestic automotive sales also saw a big jump in March, setting a new record for the month with 137,012 units sold, up 17.2%.

Fiat Chrysler Automobil was the brand that increased its production the most in March, doing so at 95.8 percent, followed by Volkswagen with 46.8 percent and General Motors with 27.9 percent.

RELATED NEWS

  • US Sports stars round on US presidentUS Sports stars round on US president
  • At least 16 nations rally to Mexico’s aidAt least 16 nations rally to Mexico’s aid
  • Political parties will donate electoral budget to earthquake victimsPolitical parties will donate electoral budget to earthquake victims
  • Corruption and impunity, the biggest challenge for 2018Corruption and impunity, the biggest challenge for 2018
  • CDMX toughens rules for transport apps; goodbye to UberpoolCDMX toughens rules for transport apps; goodbye to Uberpool
  • At least 217 dead after powerful earthquake hits central MexicoAt least 217 dead after powerful earthquake hits central Mexico
  • The surprising change of mood in 2017The surprising change of mood in 2017
  • Hurricane Hurricane 'Irma' will cause more cruise demand for Mexico
  • Merida, Yucatan fast becoming an industrial powerhouseMerida, Yucatan fast becoming an industrial powerhouse
  • Manpower predicts biggest recruitment surge in Mexico for 20 yearsManpower predicts biggest recruitment surge in Mexico for 20 years
  • 676,241 formal jobs are created between January and August 2017676,241 formal jobs are created between January and August 2017
  • Apple suffers Apple suffers 'major iPhone X leak'
WATCH LIVE TV



Most Read Articles
Most Watched Videos
  • Generations Riviera Maya
  • Mayair

Language

Mexico News Network
All rights Reserved 2017