The Inegi, through the Administrative Registry of the Automotive Industry of Light Vehicles, reported that Volkswagen, Honda and Mazda are the brands that showed the greatest increase in their production. While General Motors and Honda encouraged exports.

The automotive industry in Mexico added “turbo” in May and achieved figures of production and export record for the same month in its history, driven by demand in North America, reported Inegi.

Automotive companies established in Mexico produced 365,574 units, which represents growth of 4.9% compared to the figures reported for the same month in 2023.

Meanwhile, light vehicle exports reported growth of 13%, with a volume of 310,655 units, which exceeds the figure for 2019, when the shipment of 319,017 units was recorded.

The National Institute of Statistics and Geography (Inegi) through the Administrative Registry of the Automotive Industry of Light Vehicles, reported that Volkswagen, Honda and Mazda are the brands that showed the greatest increase in their production. While General Motors and Honda encouraged exports.

“Production and exports for the month of May 2024 had solid performance. “It is the strongest May since 2005 for both production and export, the year in which the Administrative Registry of the Automotive Industry began,” highlighted the Mexican Association of the Automotive Industry (AMIA).

The information that comes from 23 companies affiliated with the Mexican Association of the Automotive Industry, Autos Orientales Picacho, Giant Motors Latinoamérica and Great Wall Motor México (only in the case of domestic sales), highlighted that accumulated production grew 5.5%. Regarding exports, there was a growth from January to May 2024, of 12.3%, compared to the same period in 2023.

During January-May 2024, 1 million 651,930 units were produced in Mexico.

Of these, light trucks including SUVs and Pick-ups represented 75.2% of the total produced, while the rest corresponded to automobile manufacturing.

80.4% of total exports were sent to the United States, with 1 million 147,170 vehicles.

The production of electric vehicles by General Motos and Ford reached 36,100 units.

Source: https://www.eleconomista.com.mx/empresas/Produccion-y-exportacion-de-autos-de-Mexico-acelero-a-su-mejor-mayo-de-la-historia-20240606-0055.html