Mexico heavy vehicle production hikes 15.6% in 2018; exports skyrocket 29.3%
Last December, global manufacturers of heavy vehicles with operations in Mexico built 14,327 new trucks, buses and tractor trucks. Such figure represents a 25.3% increase compared to same month of 2017, according to official data released by the National Association of Buses, Trucks and Tractor Trucks Producers.
Overall 2018 Mexico heavy vehicle production was 176,794 units, which compared to the 152,903 heavy vehicles built in 2017 represents a 15.6% hike. However, full-year 2018 results are 7.4% below the record figure of 190,978 heavy vehicles from 2015.
Heavy vehicle exports totaled 11,904 units in December, a 36.3% hike compared to same month of 2017. Meanwhile, full-year exports totaled 147,727 units for a 29.3% rise, making it the second-best result in history, but still 5.8% lower than the record figure of 156,893 heavy vehicle exports also from 2015.
In this regard, Miguel Elizalde, executive president of the ANPACT commented that the increase in exports during 2018, a year marked by the renegotiation of NAFTA, shows that the heavy vehicle industry in Mexico is highly competitive and boosts the economic development of the country.