Car production in Mexico fell 1.5 percent year-on-year to 349.6 thousand units in May 2019, following a 2 percent gain in the previous month. Among major automakers, output declined for Nissan (-1.8% to 62 thousand), Volkswagen (-5.7% to 41.8 thousand), Honda (-4.5% to 19.2 thousand), Toyota (-11.9% to 16 thousand), Audi (-27.6% to 13.1 thousand) and Mazda (-63% to 5.9 thousand). In contrast, production rose for General Motors (4.8% to 79.8 thousand), FCA México (7.4% to 54.5 thousand), Ford Motor (25.7% to 30 thousand) and KIA (8.3% to 26.5 thousand). Meantime, auto exports grew 5.6 percent to 304.9 thousand units, up from a 5 percent rise in April, led by Volkswagen (40.2% to 43 thousand) and Nissan (8.9% to 42 thousand). Car Production in Mexico averaged 161.32 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 0.50 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.