Auto exports increase 4.9% in January, according to official figures

Last month, automakers with manufacturing operations in Mexico exported 242,299 light vehicles, according to official data from the National Institute of Statistics and Geography (INEGI). This figure represents a 4.9% increase compared to 231,088 units shipped in January 2018.

However, just like it happened to production figures, INEGI data does not takes into account Mercedes-Benz exports, which started assembly operations in the third quarter of 2018 at the Cooperation Manufacturing Plant Aguascalientes, a production facility jointly built by Mercedes parent company Daimler and Nissan Group.

Auto shipments to the United States, Mexico’s main destination for car exports, were of 191,072 vehicles, representing 78.8% of total. Meanwhile, auto exports to Canada, second most important destination, totaled 18,479 units, which is a 9.7% share.

Exports to Germany were of 7,822 vehicles, which represents a 3.2% share of total shipments abroad.

Automakers who saw the biggest export increases in January were Volkswagen with a 128.5% hike, followed by Toyota with a 48% growth and General Motors, whose exports rose 28.7%.

Other OEMs with exports growth in January were Ford Motor Company with an 18.7% hike, Audi with an 8.3% gain and Honda, which posted a 4.1% rise.

On the other hand, automakers with the steepest export declines were Mazda with 53.8%, likely due to a transition for the manufacture of the next-generation Mazda3 sedan, and Fiat Chrysler Automobiles, which posted a 43.5% drop. 

Nissan and KIA also saw their exports decline 8.3% and 3.1% respectively.

MexicoNow

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