Mexico's car production rose 5.5 percent year-on-year to 264.0 thousand units in June of 2021, primarily driven by stronger output levels from Nissan (27.6 percent to 44.6 thousand units), Toyota (29.8 percent to 20.4 thousand units), Audi (689.1 percent to 16.3 thousand units), KIA (22.3 percent to 18.9 thousand units), and Honda (18.4 percent to 15.3 thousand units). Still, production was lower in two of the biggest brands, namely General Motors (-13.0 percent to 64.4 thousand units) and Stellantis (-27.7 percent to 32.9 thousand units). source: Instituto Nacional de Estadística y Geografía (INEGI)
Car Production in Mexico averaged 166.86 Thousand Units from 1988 until 2021, reaching an all time high of 381.99 Thousand Units in October of 2017 and a record low of 3.72 Thousand Units in April of 2020. This page provides - Mexico Car Production- actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Car Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Car Production in Mexico is expected to be 265.00 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 350.00 in 12 months time. In the long-term, the Mexico Car Production is projected to trend around 360.00 Thousand Units in 2022 and 370.00 Thousand Units in 2023, according to our econometric models.