Car production in Mexico rose 4.8 percent year-on-year to 346,873 units in March 2019, rebounding from a 5.0 percent decline in the previous month. Among major automakers, output increased for General Motors (6.1 percent to 77.9 thousand), Nissan (5 percent to 62.2 thousand), Volkswagen (14.3 percent to 37.4 thousand), Ford Motor (17 percent to 29.9 thousand), KIA (11.6 percent to 23.4 thousand), Honda (21 percent to 19.7 thousand), and Toyota (7.9 percent to 18.3 thousand). Meanwhile, production dropped for FCA México (-11.3 percent to 49.8 thousand), Audi (-2.5 percent to 16.7 thousand) and Mazda (-8.7 percent to 11.6 thousand). Also, auto exports went up 2.0 percent to 323,631 thousand units, after falling 0.1 percent in February, led by General Motors (10.8 percent) and Nissan (8.5 percent). Car Production in Mexico averaged 159.90 Thousand Units from 1988 until 2019, reaching an all time high of 381.99 Thousand Units in October of 2017 and a record low of 35.61 Thousand Units in April of 1988.
Car Production in Mexico is expected to be 340.00 Thousand Units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Car Production in Mexico to stand at 358.00 in 12 months time. In the long-term, the Mexico Car Production is projected to trend around 360.00 Thousand Units in 2020, according to our econometric models.