Mexico’s auto production rises 12.6% in first half of 2017, exports up 14%
Mexican production of light vehicles reached record figures for both a month of June and a January through June period, according to data from the Mexican Automotive Industry Association (AMIA).
In June 2017, auto plants established in Mexico produced 334,606 light vehicles, a growth of 4.9% compared to the 319,122 units from the same month of 2016. During the first half of 2017 1,884,315 vehicles rolled out of Mexican facilities, 12.6% more than the units manufactured in the same period last year.
Auto exports also registered record numbers for a month of June as well as for the first semester. In June, 276,626 light vehicles were exported, an increase of 12.0% compared to same month of the previous year. From January through June 1,513,334 units were shipped overseas, a growth of 14.0% compared to 1,327,363 units exported during the first half of 2016.
The United States was the destination for 76.8% of Mexico’s auto exports during the first half of the year, totaling 1,162,757 vehicles, which means 13.8% of the 8,401,715 cars sold in the U.S. in this period were assembled in Mexican facilities.
Way behind are Canada and Germany as second and third most important destinations with 8.4% and 2.9% of Mexican auto exports entering their markets respectively.
Autos sales in the Mexican market during the first six months of 2017 consisted of 42% vehicles produced in the country and 58% of foreign origin.