Mexico's car output fell 5.5 percent year-on-year to 301,426 units in September 2020, following a 13.2 percent drop in the previous month, amid the coronavirus crisis. Among major automakers, output went down at Nissan (-16.8 percent to 50.1 thousand), Volkswagen (-18 percent to 32.0 thousand), KIA (-18.2 percent to 19.8 thousand), Honda (-23.4 percent to 12.8 thousand) and Ford Motor (-98.2 percent to 0.3 thousand). On the other hand, production rose at General Motors (1.5 percent to 76.4 thousand), Toyota (6.9 percent to 18.9 thousand), FCA México (14.4 percent to 52.4 thousand), Audi (11 percent to 16.8 thousand), Mazda (316.8 percent to 15.2 thousand) and BMW Group (106.1 percent to 7 thousand). source: Instituto Nacional de Estadística y Geografía (INEGI)
Car Production in Mexico averaged 165.39 Thousand Units from 1988 until 2020, 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 October of 2020.
Car Production in Mexico is expected to be 300.00 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 340.00 in 12 months time. In the long-term, the Mexico Car Production is projected to trend around 360.00 Thousand Units in 2021 and 370.00 Thousand Units in 2022, according to our econometric models.