Mexico’s automotive industry breaks production and export record
In March 2017, the production and export of light vehicles in Mexico grew 36.7 and 32.7 percent, respectively, bringing the industry to new historical figures.
In a press conference, the president of the Mexican Association of the Automotive Industry (AMIA), Eduardo Solís Sánchez, said that production in March reached a record high, “that Mexico had the best month of its history and the best Level of export “.
Export data by region during the first quarter of 2017 show greater growth for the United States, Latin America and Europe.
In addition, the main destination region of Mexico’s most automotive exports is made up of the countries of the North American Free Trade Agreement (NAFTA), representing 84.5 percent of the total.
Auto exports to the U.S. grew 37.8 percent, increasing its participation from March 2016, to the same month of 2017, to 73.1 percent.
For every 100 vehicles sold, 14 are Mexicans, while Canada reduced its share to 8.2 percent; Latin America has 7.4 percent; Europe remained at 5.1 percent; Asia participated with 0.9 percent and others with the remaining 2.5 percent.
During the first three months of 2017, light vehicles that Mexico sold abroad were shipped mainly to the United States with 75.7 percent, Canada with 10.4 percent and Germany with 2.8 percent.
During the first quarter of the year 943,704 units were manufactured, that is, 17.1 percent more than in the same period last year.
750,162 units were exported, which meant an increase of 14.2 percent.