Monthly automotive production in Mexico registers the largest drop in 11 years

MEXICO— In March, 261,805 vehicles were assembled in Mexico, 24.6% lower than the same period last year, the National Institute of Statistics and Geography (INEGI) reported.

This figures represent the largest drop in vehicle production in 11 years, derived from the suspension of work at different plants in the country as a precaution against the spread of the coronavirus.

This situation had an impact on the export of vehicles made by the country; in the third month of the year, 285,775 units were sent abroad, 11.9% below those reported in the same period of 2019, the largest drop in four years.

“A lower demand in the United States, caused by the coronavirus, affects Mexican companies, as it is the main destination market for the national industry,” said Brais Alvarez, automotive account Manager, of JD Power Mexico.

Source: El Financiero