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

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

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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.



- Mexico auto production rises 9.9% in January, says INEGI data

- This is how auto sales ended up in North America during January

- Here’s how sales of Mexico-made cars ended up in the US market during January