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, 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

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