Mexico's car output rose by 9.6% year-on-year to 307,069 units in January 2024, rebounding from a 9.9% decrease in the previous month. Among the major producers, output jumped for Audi (+285.5%) and Toyota (+206.7%). In contrast, output declined for Honda (-43.8%) and Ford (-33.6%). source: Instituto Nacional de Estadística y Geografía (INEGI)

Car Production in Mexico increased to 307.07 Thousand Units in January from 215.92 Thousand Units in December of 2023. Car Production in Mexico averaged 175.63 Thousand Units from 1988 until 2024, 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 February of 2024.

Car Production in Mexico increased to 307.07 Thousand Units in January from 215.92 Thousand Units in December of 2023. Car Production in Mexico is expected to be 318.00 Thousand Units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Car Production is projected to trend around 276.00 Thousand Units in 2025, according to our econometric models.

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Mexico Car Production


Calendar GMT Reference Actual Previous Consensus TEForecast
2024-01-09 02:10 PM
Auto Production YoY
Dec -9.9% 18.1% 17.5%
2024-02-07 12:00 PM
Auto Production YoY
Jan 9.6% -9.9% -2.4%
2024-03-06 12:00 PM
Auto Production YoY
Feb 9.6%


Related Last Previous Unit Reference
Business Confidence 54.50 54.40 points Jan 2024
Industrial Production Mom -0.70 -1.00 percent Dec 2023
Industrial Production 0.02 2.92 percent Dec 2023
Manufacturing Production -3.96 -0.23 percent Dec 2023
Capacity Utilization 75.40 77.70 percent Dec 2023
Changes in Inventories 74939.00 70949.00 MXN Million Sep 2023
Car Registrations 47976.00 63141.00 Units Jan 2024
Car Production 307.07 215.92 Thousand Units Jan 2024
Total Vehicle Sales 47976.00 63141.00 Units Jan 2024
Private Investment 19.20 25.50 percent Nov 2023

Mexico Car Production
In Mexico, Car Production refers to total production of vehicles.
Actual Previous Highest Lowest Dates Unit Frequency
307.07 215.92 381.99 3.72 1988 - 2024 Thousand Units Monthly
NSA

News Stream
Mexico Car Production Rebounds in January
Mexico's car output rose by 9.6% year-on-year to 307,069 units in January 2024, rebounding from a 9.9% decrease in the previous month. Among the major producers, output jumped for Audi (+285.5%) and Toyota (+206.7%). In contrast, output declined for Honda (-43.8%) and Ford (-33.6%).
2024-02-07
Mexico Car Production Growth Eases in November
Mexico's car output rose by 18.1% year-on-year to 329,415 units in November 2023, easing from a 35.8% increase in the previous month and marking the 19th consecutive period of growth in automobile production. Among the major producers, output jumped for Honda (124.8%), Nissan (76.8%) and BMW Group (55%). In contrast, output declined for Toyota (-52.7%) and Mercedes Benz (-12.7%).
2023-12-06
Mexican Car Output Growth Quickens to 2-1/2-Year High
Mexico's car output soared by 35.8 percent from the previous year to 378,129 units in October of 2023, accelerating from a 24 percent increase in the previous month and marking the 18th consecutive period of growth in automobile production. Among the major producers, output jumped for Nissan (116.7%), Volkswagen (86.5%), Stellantis (47.4%), and General Motors (35.7%). In contrast, output decreased for Audi (-14%) and Ford (-9.5%).
2023-11-07