Mexico's auto exports dropped 16.7 percent from a year earlier to 229.23 thousand units in December 2019, following a 7.5 percent decline in the previous month. Among major exporters, shipments fell from FCA México (-10.8 percent), KIA (-14.3 percent), Audi (-46.5 percent), Ford Motor (-23.8 percent), Nissan (-58.8 percent), Toyota (-14.5 percent), Volkswagen (-19.7 percent) and Honda (-32.7 percent). On the other hand, exports rose from General Motors (36.1 percent) and Mazda (18.9 percent). Considering 2019 full year, vehicle exports fell 3.4 percent from a year ago to 3.33 million units, the first decline since 2009. Auto Exports in Mexico averaged 124.58 Thousand Units from 1988 until 2019, reaching an all time high of 323.63 Thousand Units in March of 2019 and a record low of 9.50 Thousand Units in September of 1989. source: Instituto Nacional de Estadística y Geografía (INEGI)
Auto Exports in Mexico is expected to be 320.00 Thousand Units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Auto Exports in Mexico to stand at 300.00 in 12 months time. In the long-term, the Mexico Auto Exports is projected to trend around 310.00 Thousand Units in 2020, according to our econometric models.