Mexico's car output surged 18.4 percent year-on-year to 254,251 units in December of 2020, following a 1.4 percent rise in the prior month, as the automotive sector continues to recover from the pandemic crisis. Among major automakers, output increased at Nissan (55.1 percent to 47.4 thousand), FCA México (84.9 percent to 39.6 thousand), KIA (5.3 percent to 18.6 thousand), Toyota (32.6 percent to 16.5 thousand), Honda (15.8 percent to 10.8 thousand), Mazda (0.5 percent to 10.8 thousand), Audi (280.9 percent to 13.3 thousand) and Mercedes Benz (31.5 percent to 7.7 thousand). In contrast, production fell at General Motors (-9.6 percent to 49 thousand), Volkswagen (-17.1 percent to 24.4 thousand) and Ford Motor (-35.2 percent to 10.6 thousand). source: Instituto Nacional de Estadística y Geografía (INEGI)
Car Production in Mexico averaged 165.56 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 January of 2021.
Car Production in Mexico is expected to be 310.00 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 360.00 Thousand Units in 2022 and 370.00 Thousand Units in 2023, according to our econometric models.