Production and export of light vehicles grew in August

Production and export of light vehicles grew in August

MEXICO – The Mexican Automotive Industry Association (AMIA) released the report on production, exports and domestic sales of light vehicles for the month of August, based on information published by the National Institute of Statistics and Geography (INEGI).

Mexican production and exports of light vehicles recorded double-digit growth in August 2022. The industry continues to overcome challenges in global supply chains. In addition, growing economic uncertainty and persistent inflation are dampening consumer demand in export destination markets.

Although the August figure is still below 2019 levels, vehicle production leagues two consecutive months with double-digit annual increases, while exports continue to recover at a moderate pace.

Meanwhile, domestic sales showed a considerable improvement in August and the cumulative figure for the first 8 months already exceeds the volume for the same period in 2021.