Mexico’s auto industry ends 2016 with all-time records on output, exports
Mexican auto exports and production rose in December to end 2016 with new record high figures, Mexican auto industry association AMIA revealed in a press conference.
Auto production rose 8.8 percent in the final month of 2016 to 242,495 units, AMIA said, while exports were up 4.8 percent to 216,645 vehicles.
For the year, output climbed 2.0 percent to 3,465,615 units as exports picked up 0.3 percent to 2,768,268, both figures are historic records, AMIA officials said.
Domestic sales jumped a dramatic 19.9 percent in December to 192,567 units compared with the same month last year, and rose 18.6 percent to 1,603,672 units for the year.
Exports to the United States, which make up over three-quarters of the foreign market, picked up by 9.6 percent last month and by 7.1 percent in 2016.
In contrast, shipments to Canada, which represent just 7.9 percent of export demand, slipped 6.9 percent last month and 15.2 percent in the year as a whole.