Mexico’s auto production, exports grow at two-digit pace from January through July
Global automakers manufactured last month 286,417 cars and light trucks at facilities in Mexico, 0.7% more than the 284,398 units produced same month of 2016 and a new record high for a month of July. Also, from January through July, a record of 2,170,732 light vehicles rolled out of auto plants in Mexico, meaning an increase of 10.8% compared to the 1,756,390 units produced over the same seven-month period of 2016. It is the first time that automakers reach the 2 million-units milestone in seven months.
In July, Mexico exported 243,056 vehicles, which represented a 7.8% increase from the 225,530 units shipped overseas in the same month of 2016. Year-to-date exports totaled 1,756,390 light vehicles in the first seven months of the year, up 13.1% from the 1,552,893 units exported from January through July of 2016.
In the seventh month of the year 179,865 cars and light trucks were shipped to the United States, accounting for the 74% of Mexican auto exports. Far less vehicles, a total 25,369 units, were destined for Canada, second most important destination for Mexican auto exports with a 10.4% share.
According to Ward’s Auto, Mexico-made vehicles accounted for 12.8% of total auto sales in the U.S. market in July and 13.7% of those units sold during the first seven months of 2017.
Mexico’s third most important destination for auto exports in July was Latin America, with 20,972 units or an 8.6% share. Europe received 11,474 Mexico-made cars, which accounted for a 4.7% of all Mexican auto exports in July.