Mexico’s record automotive production up 11.1% in October, exports up 12.7% [ Mexico ]
On November 8, the Mexican Automotive Industry Association (AMIA) reported that 365,111 cars and light trucks were produced in Mexico in October,
The record monthly production represented an 11.1% increase compared to the 328,490 units assembled in October 2016.
In the first ten months of 2017, 3,194,872 vehicles were produced, a 10.0% increase compared to the same period in 2016.
During October, 287,465 vehicles were exported, a 12.7% increase from the same month in 2016.
For the first ten months of 2017, exports totaled 2,575,361 vehicles, an increase of 11.7% compared to the 2,306,293 units from the same period last year.
Of the vehicles exported in October, 219,585 vehicles (76.4% share) were shipped to the U.S., 20,403 vehicles (7.1% share) went to Canada, and 10,457 vehicles (3.6% share) went to Germany.
Of the exports from Mexico in the first ten months of 2017, 76.1% went to the U.S., 8.5% went to Canada, and 3.0% went to Germany.
Of the vehicles sold in the U.S. market in October, 16.3% were of Mexican origin, representing an increased percentage over the 13.9% of vehicles sold in the U.S. that were of Mexican origin during the first ten months of 2017.