Mexico auto production declines 5% in February, INEGI data says
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Global automakers with assembly plants operating in Mexico built 311,833 cars and light trucks in February, which resulted in a 5% decrease compared to the 328,352 units from the same month of 2018, according to official data from the National Institute of Statistics and Geography (INEGI).
Total production figures for the first two months of 2019 was 645,510 vehicles, still a 2.1% gain compared to 632,107 units built during the same period of last year.
It’s worth noting that INEGI data does not include output figures from Mercedes-Benz, which has been churning out A-Class sedans since the third quarter of 2018 at the Cooperation Manufacturing Plant Aguascalientes.
Among the automakers that posted the steepest production declines in February was Fiat Chrysler Automobiles (FCA), which is ending production of previous generation Ram 1500 pickups to focus on building the next-gen of Ram heavy duty trucks. FCA’s output decreased 34% in the second month of the year.
Other companies facing declines were General Motors, with an 18.7% drop, and Mazda which is also transitioning to the production of the next-gen Mazda3. The Japanese automaker saw its output sink 28.8%.
Most automakers posted production hikes, but those were not enough to offset the declines from FCA and GM, two of the largest auto manufacturers in the country.
Among those companies with production volume on the rise was Volkswagen with a 25% gain, followed by Nissan with 14.2%; Toyota, 12.3%; Ford, 9.5%; Audi, 6.3%; Honda, 4.6% and KIA with a 4.2% increase.
MexicoNow
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