Mexico's car output jumped 956.1 percent year-on-year to 241.4 thousand units in May of 2021, on improved demand as economies worldwide reopen and due to a low base comparison from the previous year amid the Covid-19 crisis. Among major automakers, output increased at Nissan (1936% to 43.1 thousand), General Motors (391.2% to 44.1 thousand), Stellantis (763.3% to 28.4 thousand), KIA (769.6% to 20 thousand) and Toyota (408.9% to 19 thousand). In May 2020, only 23 thousand vehicles were produced in Mexico, as the country was under a strict national lockdown due to the coronavirus outbreak. source: Instituto Nacional de Estadística y Geografía (INEGI)
Car Production in Mexico averaged 166.86 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 June of 2021.
Car Production in Mexico is expected to be 260.00 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 2022 and 370.00 Thousand Units in 2023, according to our econometric models.