Mexico auto production, exports rise in June
After a four month long decline, national car production recovered its growing pace adding a 4.1 percent increase in june, the country’s auto industry group AMIA announced today.
The total number of autos produced was 319,122 in June, up from 306,694 last year, AMIA said in a statement. Exports rose to 247,005 units from 242,720 in June 2015.
Exports to the United States, which receives more than three quarters of Mexico’s car shipments, rose 7.5 percent to 185,635 units.
Meanwhile, exports to Canada were unchanged, while shipments to Latin America plunged by over 20 percent.
Kia Motors started production at the $1 billion factory last May and plans to increase its total production capacity to 300,000 vehicles a year, from this year’s projected 100,000.
It is located just outside the industrial city of Monterrey in the town of Pesqueria.