Auto exports to Latin America hike 38% during first quarter
In the first quarter of 2018, Mexico exported 75,259 light vehicles to Latin America, 38.4% more than in the same period last year, according to data from the Mexican Association of the Automotive Industry (AMIA). It is the largest increase and volume of exports to that region in the last six years.
The Chevrolet Trax, the Nissan NP300 and the Volkswagen Tiguan are the most exported models to that region, where the main receivers of such goods were Brazil, Colombia and Argentina. In fact, Mexico’s automotive exports to these countries in the first quarter grew by 97.7%, 11% and 15.6%, respectively.
If Latin America is taken into account as a single destination, it already represents 9% of total exports, above that of Europe, which receives 8.2% and Canada, which remains at 7.4%.
General Motors is the one that exports the most, since it contributes with 30.8% of the cars shipped into the region. Second place is Nissan, with 29.9%, while in third place is for the Korean automaker KIA with 12.7% and fourth comes Volkswagen with 11.8%.