Mexico's car output dropped 93.7 percent year-on-year to 22,119 units in May 2020, as the coronavirus pandemic forced many factories to halt production. Among major automakers, output declined to zero at Volkswagen and Audi. In addition, production was down at General Motors (-88.8 percent), Ford Motor (-97.9 percent), FCA México (-94.0 percent), Honda (-91.5 percent), KIA (-91.3 percent), Mazda (-98.4 percent), Nissan (-96.6 percent) and Toyota (-82.8 percent).
Car Production in Mexico averaged 164.18 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 June of 2020. source: Instituto Nacional de Estadística y Geografía (INEGI)
Car Production in Mexico is expected to be 360.00 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 352.00 in 12 months time. In the long-term, the Mexico Car Production is projected to trend around 370.00 Thousand Units in 2021, according to our econometric models.