Car production in Mexico shrank 4.1 percent year-on-year to 320.4 thousand units in January 2020, following a 12.7 percent tumble in the previous month. Among major automakers, output fell at Nissan (-10.8 percent to 57.4 thousand), FCA Mexico (-19.7 percent to 39.8 thousand), Volkswagen (-1.5 percent to 36.9 thousand), Toyota (-19.8 percent to 13.8 thousand), Ford Motor (-11.4 percent to 24.3 thousand), Honda (-35.2 percent to 13.3 thousand) and Audi (-41.1 percent to 10.2 thousand). On the other hand, production grew at General Motors (8.3 percent to 76.2 thousand) and Mazda (259.3 percent to 19.2 thousand) while it remained flat at KIA (24.3 thousand).
Car Production in Mexico averaged 163.88 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. This page provides - Mexico Car Production- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Instituto Nacional de Estadística y Geografía (INEGI)
Car Production in Mexico is expected to be 358.00 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 2021, according to our econometric models.