Mexico's car production dropped 21.4 percent year-on-year to 237.0 thousand units in August of 2021, primarily driven by a sharp fall in the three biggest brands due to a global semiconductor shortage. General Motors' output levels plunged 59.2 percent to 28.2 thousand units, Nissan production fell 19.2 percent to 46.9 thousand and Stellantis production decreased 20 percent to 39 thousand. Still, the total car production in the first eight months of 2021 grew 13.3 percent to 2,054.6 thousand. source: Instituto Nacional de Estadística y Geografía (INEGI)
Car Production in Mexico averaged 167.10 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 September 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. 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.