Car production in Mexico plunged 12.7 percent year-on-year to 207.62 thousand units in December 2019, following a 13.0 percent tumble in the previous month. Among major automakers, output dropped at Ford Motor (-21.0 percent), Audi (-64.5 percent), Volkswagen (-12.2 percent), FCA México (-44.8 percent), KIA (-11.8 percent), Nissan (-32.6 percent), Honda (-29.9 percent) and Toyota (-15.4 percent). In contrast, production increased at General Motors (63.2 percent) and Mazda (18.5 percent). Considering 2019 full year, auto output fell 4.2 percent over a year ago to 3.75 million units, the second annual decline in succession and the biggest since 2009.
Car Production in Mexico averaged 163.88 Thousand Units from 1988 until 2019, reaching an all time high of 381.99 Thousand Units in October of 2017 and a record low of 35.61 Thousand Units in April of 1988. This page provides - Mexico Car Production- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Instituto Nacional de Estadística y Geografía (INEGI)
Car Production in Mexico is expected to be 358.00 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 360.00 in 12 months time. In the long-term, the Mexico Car Production is projected to trend around 370.00 Thousand Units in 2020, according to our econometric models.