Auto assembly and exports in Mexico grew in November

Auto assembly and exports in Mexico grew in November

MEXICO - The automotive industry is on track to close 2023 in positive numbers. After a major crisis, domestic and international production and sales continue to show growth.

During November 2023, a total of 329,415 light vehicles were assembled in Mexico, representing an increase of 18.1% compared to the same month of the previous year, according to the Mexican Automotive Industry Association (AMIA) figures.

New car sales within Mexico have also shown dynamism so far this year; in November, 128,961 units were sold, 31.9% higher than a year ago.

The expansion trend has continued for almost all automotive companies operating in Mexico. In this penultimate month of the year, only four firms registered contractions in their production: Toyota (-52.7%), Mercedes Benz (-12.7%), General Motors (-2.6%) and Audi (-1.8%).

On the other hand, the firms that recorded falls in car exports were: Audi (-14.7%), KIA (-6.0%), Toyota (-5.0%) and Mercedes Benz (-3.1%).

It is worth mentioning that, in spite of the decreases in car production, the US General Motors and the Japanese Toyota maintained solid growth in sales within the country.

With expectations for December, 2023 is projected to close with the best results recorded in at least four years for production, foreign shipments and domestic sales.