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, 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.
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%
|
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%
|
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%
|
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% |
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% |
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% |
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)