Mexico - Automotive Production volume, 2024

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Flash report, Automotive Production volume, 2024

Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.

Flash report, April 2024

May 8, 2024

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.


Mexican auto production increases 21.7% in April 2024
OEMs built 358,575 light vehicles in Mexico in April 2024, resulting in a 21.7% increase compared to the 294,550 units built in the same month of 2023, according to the National Institute of Statistics and Geography (INEGI).
OEMs with production increases in April included JAC with an increase of 85.5% to 2,613 units; Nissan with an increase of 51.9% to 55,892 units; VW with an increase of 39.4% to 36,012 units; GM with an increase of 36.5% to 82,038 units; Kia with an increase of 30.1% to 24,200 units; Ford with an increase of 29.5% to 38,392 units; Mazda with an increase of 24.0% to 17,496 units; and Honda with an increase of 18.1% to 13,635 units.
OEMs whose production declined in April compared to the previous year included Mercedes Benz with a decrease of 27.3% to 4,742 units; BMW Group with a decrease of 26.0% to 7,246 units; Toyota with a decrease of 10.2% to 21,461 units; Audi with a decrease of 4.0% to 15,341 units; and Chrysler with a decrease of 2.0% to 39,507 units.
Cumulative production for the four months of the year were up 5.7% y/y to 1,286,356 units.

Mexico - Production/Export of vehicles
Apr. 2024 Apr. 2023 Y-o-Y Jan.-Apr.
2024
Jan.-Apr.
2023
Y-o-Y
Production
Passenger Cars 91,399 63,863 43.1% 317,345 274,173 15.7%
Light Trucks (Pickup Truck, SUV) 267,176 230,687 15.8% 969,011 942,554 2.8%
Total 358,575 294,550 21.7% 1,286,356 1,216,727 5.7%
Export
Passenger Cars 60,667 41,130 47.5% 244,589 170,594 43.4%
Light Trucks 229,089 212,205 8.0% 870,866 824,047 5.7%
Total 289,756 253,335 14.4% 1,115,455 994,641 12.1%
Source: Instituto Nacional de Estadistica y Geografia (INEGI)


Mexico - Production of vehicles (Include for exports)
Maker/Brand 2024 2023 Y-o-Y 2024 2023 Y-o-Y
Apr. Share Apr. Share Jan.-Apr. Share Jan.-Apr. Share
GM 82,038 22.9% 60,102 20.4% 36.5% 290,512 22.6% 248,480 20.4% 16.9%
Nissan 55,892 15.6% 36,785 12.5% 51.9% 219,006 17.0% 186,693 15.3% 17.3%
Chrysler 39,507 11.0% 40,332 13.7% -2.0% 143,615 11.2% 169,246 13.9% -15.1%
Ford Motor 38,392 10.7% 29,649 10.1% 29.5% 128,188 10.0% 104,204 8.6% 23.0%
Volkswagen 36,012 10.0% 25,835 8.8% 39.4% 135,479 10.5% 96,317 7.9% 40.7%
Kia 24,200 6.7% 18,600 6.3% 30.1% 79,450 6.2% 83,000 6.8% -4.3%
Toyota 21,461 6.0% 23,889 8.1% -10.2% 57,791 4.5% 88,569 7.3% -34.8%
Mazda 17,496 4.9% 14,106 4.8% 24.0% 69,806 5.4% 72,395 5.9% -3.6%
Audi 15,341 4.3% 15,984 5.4% -4.0% 36,713 2.9% 60,704 5.0% -39.5%
Honda 13,635 3.8% 11,547 3.9% 18.1% 63,593 4.9% 47,650 3.9% 33.5%
BMW 7,246 2.0% 9,791 3.3% -26.0% 33,076 2.6% 30,283 2.5% 9.2%
Mercedes-Benz 4,742 1.3% 6,521 2.2% -27.3% 20,159 1.6% 22,052 1.8% -8.6%
JAC 2,613 0.7% 1,409 0.5% 85.5% 8,968 0.7% 7,134 0.6% 25.7%
Total 358,575 100.0% 294,550 100.0% 21.7% 1,286,356 100.0% 1,216,727 100.0% 5.7%
Source: Instituto Nacional de Estadistica y Geografia (INEGI)


Export of vehicles by make

Maker Apr. 2024 Apr. 2023 Y-o-Y Jan.-Apr. 2024 Jan.-Apr. 2023 Y-o-Y
GM 70,283 55,244 27.2% 269,039 215,708 24.7%
Volkswagen 34,390 17,414 97.5% 109,327 74,446 46.9%
Ford Motor 31,594 26,923 17.3% 125,150 98,575 27.0%
Nissan 30,289 25,170 20.3% 163,568 113,850 43.7%
Chrysler 26,011 44,023 -40.9% 125,256 153,748 -18.5%
Toyota 22,346 22,992 -2.8% 55,701 86,599 -35.7%
Kia 17,319 13,400 29.2% 59,569 61,409 -3.0%
Honda 15,421 12,668 21.7% 67,368 42,485 58.6%
Mazda 13,376 11,780 13.5% 54,386 47,653 14.1%
Audi 12,918 12,664 2.0% 30,894 57,578 -46.3%
BMW 8,152 6,550 24.5% 30,916 21,395 44.5%
Mercedes-Benz 7,657 4,507 69.9% 24,281 21,195 14.6%
Total 289,756 253,335 14.4% 1,115,455 994,641 12.1%
Source: Instituto Nacional de Estadistica y Geografia (INEGI)


More detailed statistics for Mexico

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Flash report, March 2024

Apr 8, 2024

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

Mexican auto production down 12.8% in March 2024
OEMs built 301,976 light vehicles in Mexico in March 2024, resulting in a 12.8% decrease compared to the 346,124 units built in the same month of 2023, according to the National Institute of Statistics and Geography (INEGI).
OEMs with production increases in March included Honda with an increase of 20.5% to 14,759 units; GM with an increase of 7.4% to 69,216 units; and Mercedes-Benz with an increase of 1.4% to 5,311 units.
OEMs whose production declined in March compared to the previous year included Chrysler with a decrease of 35.6% to 31,921 units; Mazda with a decrease of 27.5% to 16,450 units; Audi with a decrease of 25.9% to 11,558 units; Ford with a decrease of 24.7% to 24,543 units; Toyota with a decrease of 20.9% to 16,150 units; Nissan with a decrease of 12.2% to 50,810 units; Kia with a decrease of 10.9% to 19,700 units; BMW with a decrease of 6.7% to 7,815 units and VW with a decrease of 3.5% to 32,258 units.
Cumulative production for the three months of the year were up 0.6% y/y to 927,781 units.

Mexico - Production/Export of vehicles

Mar. 2024 Mar. 2023 Y-o-Y Jan.-Mar.
2024
Jan.-Mar.
2023
Y-o-Y
Production
Passenger Cars
74,297
80,187
-7.3%
225,946
210,310
7.4%
Light Trucks (Pickup Truck, SUV)
227,679
265,937
-14.4%
701,835
711,867
-1.4%
Total
301,976
346,124
-12.8%
927,781
922,177
0.6%
Export
Passenger Cars
64,258
52,569
22.2%
183,922
129,464
42.1%
Light Trucks
221,744
220,118
0.7%
641,049
611,842
4.8%
Total
286,002
272,687
4.9%
824,971
741,306
11.3%
Source: Instituto Nacional de Estadistica y Geografia (INEGI)


Mexico - Production of vehicles (Include for exports)
Maker/Brand 2024 2023 Y-o-Y 2024 2023 Y-o-Y
Mar. Share Mar. Share Jan.-Mar. Share Jan.-Mar. Share
GM
69,216
22.9%
64,447
18.6%
7.4%
208,474
22.5%
188,378
20.4%
10.7%
Nissan
50,810
16.8%
57,902
16.7%
-12.2%
163,114
17.6%
149,908
16.3%
8.8%
Volkswagen
32,258
10.7%
33,445
9.7%
-3.5%
99,467
10.7%
70,482
7.6%
41.1%
Chrysler
31,921
10.6%
49,596
14.3%
-35.6%
104,108
11.2%
128,914
14.0%
-19.2%
Ford Motor
24,543
8.1%
32,572
9.4%
-24.7%
89,796
9.7%
74,555
8.1%
20.4%
Kia
19,700
6.5%
22,100
6.4%
-10.9%
55,250
6.0%
64,400
7.0%
-14.2%
Mazda
16,450
5.4%
22,697
6.6%
-27.5%
52,310
5.6%
58,289
6.3%
-10.3%
Toyota
16,150
5.3%
20,413
5.9%
-20.9%
36,330
3.9%
64,680
7.0%
-43.8%
Honda
14,759
4.9%
12,244
3.5%
20.5%
49,958
5.4%
36,103
3.9%
38.4%
Audi
11,558
3.8%
15,607
4.5%
-25.9%
21,372
2.3%
44,720
4.8%
-52.2%
BMW
7,815
2.6%
8,377
2.4%
-6.7%
25,830
2.8%
20,492
2.2%
26.0%
Mercedes-Benz
5,311
1.8%
5,239
1.5%
1.4%
15,417
1.7%
15,531
1.7%
-0.7%
JAC
1,485
0.5%
1,485
0.4%
0.0%
6,355
0.7%
5,725
0.6%
11.0%
Total
301,976
100.0%
346,124
100.0%
-12.8%
927,781
100.0%
922,177
100.0%
0.6%
Source: Instituto Nacional de Estadistica y Geografia (INEGI)


Export of vehicles by make

Maker Mar. 2024 Mar. 2023 Y-o-Y Jan.-Mar. 2024 Jan.-Mar. 2023 Y-o-Y
GM
65,797
56,927
15.6%
198,756
160,464
23.9%
Nissan
47,825
39,242
21.9%
133,279
88,680
50.3%
Chrysler
30,689
35,788
-14.2%
99,245
109,725
-9.6%
Ford Motor
29,355
27,515
6.7%
93,556
71,652
30.6%
Volkswagen
26,776
22,507
19.0%
74,937
57,032
31.4%
Toyota
17,772
22,925
-22.5%
33,355
63,607
-47.6%
Honda
15,213
10,034
51.6%
51,947
29,817
74.2%
Mazda
14,516
14,650
-0.9%
41,010
35,873
14.3%
Kia
14,000
14,999
-6.7%
42,250
48,009
-12.0%
Audi
12,516
15,928
-21.4%
17,976
44,914
-60.0%
BMW
7,160
5,983
19.7%
22,764
14,845
53.3%
Mercedes-Benz
4,383
6,189
-29.2%
15,896
16,688
-4.7%
Total
286,002
272,687
4.9%
824,971
741,306
11.3%
Source: Instituto Nacional de Estadistica y Geografia (INEGI)



More detailed statistics for Mexico

PAGETOP

Flash report, February 2024

Mar 7, 2024

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.


Mexican auto production up 7.8% in February
OEMs built 318,735 light vehicles in Mexico in February 2024, resulting in a 7.8% increase compared to the 295,787 units built in the same month of 2023, according to the National Institute of Statistics and Geography (Inegi).
OEMs with production increases in February included GM with a 6.2% increase to 71,923 units; Nissan with a 19.2% increase to 55,737 units; Volkswagen with a 73.3% increase to 37,627 units; Ford with a 55.7% increase to 30,891 units; Kia with a 0.8% increase to 19,750 units; Mazda with a 3.9% increase to 17,342 units; Honda with a 23.7% increase to 16,537 units; BMW with a 25.7% increase to 8,792 units ; and JAC with a 49.1% increase to 2,356 units.
OEMs whose production declined in February compared to the previous year included Chrysler with a 18.5% decrease to 34,570 units; Toyota with a 39.5% decrease to 12,452 units; Audi with a 57.0% decrease to 5,705 units and Mercedes-Benz with a 3.3% decrease to 5,053 units.
Cumulative production for the two months of the year were up 8.6% y/y to 625,804 units.

Mexico - Production/Export of vehicles
Feb. 2024 Feb. 2023 Y-o-Y Jan.-Feb.
2024
Jan.-Feb.
2023
Y-o-Y
Production
Passenger Cars 83,763 65,326 28.2% 151,649 130,123 16.5%
Light Trucks (Pickup Truck, SUV) 234,972 230,461 2.0% 474,155 445,930 6.3%
Total 318,735 295,787 7.8% 625,804 576,053 8.6%
Export
Passenger Cars 65,869 44,899 46.7% 119,664 76,895 55.6%
Light Trucks 216,739 185,585 16.8% 417,311 391,724 6.5%
Total 282,608 230,484 22.6% 536,975 468,619 14.6%
Source: Instituto Nacional de Estadistica y Geografia (INEGI)


Mexico - Production of vehicles (Include for exports)
Maker/Brand 2024 2023 Y-o-Y 2024 2023 Y-o-Y
Feb. Share Feb. Share Jan.-Feb. Share Jan.-Feb. Share
GM 71,923 22.6% 67,749 22.9% 6.2% 139,258 22.3% 123,931 21.5% 12.4%
Nissan 55,737 17.5% 46,769 15.8% 19.2% 112,304 17.9% 92,006 16.0% 22.1%
Volkswagen 37,627 11.8% 21,718 7.3% 73.3% 67,209 10.7% 37,037 6.4% 81.5%
Chrysler 34,570 10.8% 42,418 14.3% -18.5% 72,187 11.5% 79,318 13.8% -9.0%
Ford Motor 30,891 9.7% 19,843 6.7% 55.7% 65,253 10.4% 41,983 7.3% 55.4%
Kia 19,750 6.2% 19,600 6.6% 0.8% 35,550 5.7% 42,300 7.3% -16.0%
Mazda 17,342 5.4% 16,684 5.6% 3.9% 35,860 5.7% 35,592 6.2% 0.8%
Honda 16,537 5.2% 13,364 4.5% 23.7% 35,199 5.6% 23,859 4.1% 47.5%
Toyota 12,452 3.9% 20,566 7.0% -39.5% 20,179 3.2% 44,267 7.7% -54.4%
BMW 8,792 2.8% 6,997 2.4% 25.7% 18,015 2.9% 12,115 2.1% 48.7%
Audi 5,705 1.8% 13,271 4.5% -57.0% 9,814 1.6% 29,113 5.1% -66.3%
Mercedes-Benz 5,053 1.6% 5,228 1.8% -3.3% 10,106 1.6% 10,292 1.8% -1.8%
JAC 2,356 0.7% 1,580 0.5% 49.1% 4,870 0.8% 4,240 0.7% 14.9%
Total 318,735 100.0% 295,787 100.0% 7.8% 625,804 100.0% 576,053 100.0% 8.6%
Source: Instituto Nacional de Estadistica y Geografia (INEGI)


Export of vehicles by make

Maker Feb. 2024 Feb. 2023 Y-o-Y Jan.-Feb. 2024 Jan.-Feb. 2023 Y-o-Y
GM 68,949 50,721 35.9% 132,959 103,537 28.4%
Nissan 41,632 31,989 30.1% 85,454 49,438 72.9%
Chrysler 33,124 34,814 -4.9% 68,556 73,937 -7.3%
Ford Motor 32,595 20,200 61.4% 64,201 44,137 45.5%
Volkswagen 30,663 14,214 115.7% 48,161 34,525 39.5%
Honda 19,035 10,116 88.2% 34,740 19,783 75.6%
Kia 14,150 14,706 -3.8% 28,250 33,010 -14.4%
Mazda 13,765 12,340 11.5% 26,494 21,223 24.8%
Toyota 10,014 16,726 -40.1% 15,583 40,682 -61.7%
BMW 9,807 6,495 51.0% 15,604 8,862 76.1%
Mercedes-Benz 6,785 4,061 67.1% 11,513 10,499 9.7%
Audi 2,089 14,102 -85.2% 5,460 28,986 -81.2%
Total 282,608 230,484 22.6% 536,975 468,619 14.6%
Source: Instituto Nacional de Estadistica y Geografia (INEGI)


More detailed statistics for Mexico

PAGETOP

Flash report, January 2024

Feb 8, 2024

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

Mexican auto production up 9.6% in January
OEMs built 307,069 light vehicles in Mexico in January 2024, resulting in a 9.6% increase compared to the 280,266 units built in the same month of 2023, according to the National Institute of Statistics and Geography (Inegi).
OEMs with production increases in January included GM with a 19.9% increase to 67,335 units; Nissan with a 25.0% increase to 56,567 units; Chrysler with a 1.9% increase to 37,617 units; Ford with a 55.2% increase to 34,362 units; Volkswagen with a 93.1% increase to 29,582 units; Honda with a 77.8% increase to 18,662 units and BMW with an 80.2% increase to 9,223 units.
OEMs whose production declined in January compared to the previous year included Mazda with a 2.1% decrease to 18,518 units; Kia with a 30.4% decrease to 15,800 units; Toyota with a 67.4% decrease to 7,727 units and Mercedes-Benz with a 0.2% decrease to 5,053 units; Audi with a 74.1% decrease to 4,109 units and JAC with a 5.5% decrease to 2,514 units.
On February 8, Mexican multiple media reported that AMIA estimated to produce more than four million vehicles in 2024, in addition to exporting between 3 million and 3.5 million units.
For the full year of 2023, Mexican production increased by 14.2% to 3,779,234 units, while exports grew by 15.2% to 3,300,876 units.

Mexico - Production/Export of vehicles

Jan. 2024 Jan. 2023 Y-o-Y
Production      
Passenger Cars 67,886 64,797 4.8%
Light Trucks (Pickup Truck, SUV) 239,183 215,469 11.0%
Total 307,069 280,266 9.6%
Export      
Passenger Cars 53,795 31,996 68.1%
Light Trucks 200,572 206,139 -2.7%
Total 254,367 238,135 6.8%

Source: Instituto Nacional de Estadistica y Geografia (INEGI)



Mexico - Production of vehicles (Include for exports)

Maker/Brand 2024 2023 Y-o-Y
Jan. Share Jan. Share
GM 67,335 21.9% 56,182 20.0% 19.9%
Nissan 56,567 18.4% 45,237 16.1% 25.0%
Chrysler 37,617 12.3% 36,900 13.2% 1.9%
Ford Motor 34,362 11.2% 22,140 7.9% 55.2%
Volkswagen 29,582 9.6% 15,319 5.5% 93.1%
Honda 18,662 6.1% 10,495 3.7% 77.8%
Mazda 18,518 6.0% 18,908 6.7% -2.1%
Kia 15,800 5.1% 22,700 8.1% -30.4%
BMW 9,223 3.0% 5,118 1.8% 80.2%
Toyota 7,727 2.5% 23,701 8.5% -67.4%
Mercedes-Benz 5,053 1.6% 5,064 1.8% -0.2%
Audi 4,109 1.3% 15,842 5.7% -74.1%
JAC 2,514 0.8% 2,660 0.9% -5.5%
Total 307,069 100.0% 280,266 100.0% 9.6%

Source: Instituto Nacional de Estadistica y Geografia (INEGI)


Export of vehicles by make

Maker Jan. 2024 Jan. 2023 Y-o-Y
GM 64,010 52,816 21.2%
Nissan 43,822 17,449 151.1%
Chrysler 35,432 39,123 -9.4%
Ford Motor 31,606 23,937 32.0%
Volkswagen 17,498 20,311 -13.8%
Honda 15,705 9,667 62.5%
Kia 14,100 18,304 -23.0%
Mazda 12,729 8,883 43.3%
BMW 5,797 2,367 144.9%
Toyota 5,569 23,956 -76.8%
Mercedes-Benz 4,728 6,438 -26.6%
Audi 3,371 14,884 -77.4%
Total 254,367 238,135 6.8%

Source: Instituto Nacional de Estadistica y Geografia (INEGI)



More detailed statistics for Mexico

PAGETOP