Car production in Mexico fell 0.4 percent year-on-year to 318.9 thousand units in September 2019, following a 9.6 percent decline in the previous month. Among major automakers, output went down for Nissan (-8.9% to 60.1 thousand), FCA México (-20.5% to 45.8 thousand), KIA (-14.5% to 24.2 thousand), Ford Motor (-20.8% to 17.8 thousand), Toyota (-4.2% to 17.6 thousand) and Mazda (-62.4% to 3.6 thousand). On the other hand, production rose for General Motors (0.4% to 75.3 thousand), Volkswagen (33.7% to 39.1 thousand), Audi (54.8% to 15.1 thousand) and Honda (365.3% to 16.7 thousand). Considering the first nine months of the year, auto output dropped 0.8 percent over a year earlier to 2.93 million units. Car Production in Mexico averaged 162.60 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 335.00 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 360.00 in 12 months time. In the long-term, the Mexico Car Production is projected to trend around 370.00 Thousand Units in 2020, according to our econometric models.