Mexican auto production increased 7.4% during November
Mexican auto production increased 7.4% in November while auto exports rose 9.6%, Mexican Automakers Association (AMIA) and Mexican Auto Distributors Association (AMDA) said on a brief.
Automakers established in Mexico built 318,149 vehicles during the eleventh month of the year, exporting 245,330 of those units, the associations said.
Production since the beginning of the year through November was at 3,223,120 units, up by 1.5% from last year’s production of 3,176,135 units, AMIA said.
Sales to the public were sharply higher, jumping 22.5% in November to 154,616 units, AMIA said, even as consumer confidence slumped to a nearly three year low in the same period.
Exports to the United States, which accounts for more than three quarters of the foreign market, picked up by 11 percent last month while shipments to Canada slipped by 9.2 percent.