Heavy vehicles’ production in Mexico register a 24.3% decrease

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MEXICO — Lower demand for heavy vehicles in the United States caused the production and export of this type of units in Mexico to drop in February 24.3 and 23%, respectively, compared to the same period last year, reported by the National Association of Bus Producers, Trucks and Tractor Trucks (Anpact)

The production of motor transport vehicles reached a total of 12,332 units in February, which represents a decrease of 24.3%, while the export of units added 10,500 units, with which they fell 23%, compared to the same period of the previous year.

ANPACT reported that in the first two months of the year, the production of heavy vehicles totaled 25,637 units, a figure which accumulates a decrease of 21.4% and the accumulated exports totaled 22,161 units, which means a 19.6% drop compared to the same period in 2019.

The president of Anpact, Miguel Elizalde, commented that this industry is vital for the proper functioning of emergency services and for the transfer of basic products, as well as for the mobility of people who cannot stay at home.

Considering that 95% of exports are destined for North America and the high integration of Mexico with this sector, Elizalde anticipated that in the coming months the demand for units is expected to continue to decline due to the impact of the pandemic of COVID-19 in the global and regional value chain.

Source: Milenio