Both production in and exports of cars from Mexico zoomed up in June and industry leaders have predicted output could hit a record two million vehicles this year as the sector climbs back out of a slump.
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Output increased 51.8% year on year in June and exports soared 64.9%, according to the Mexican Automotive Industry Association said.
This was the second consecutive month of strong growth in comparison with 2005.
“We expect a higher second half … that could bring production (for the whole year) to a record 2 million units,” association chief Cesar Flores told Reuters.
Many new models have been heading for a rebounding US market a year after the sector was hit by falling demand there.
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By GlobalDataFlores reportedly played down the political impact on his sector by a legal challenge launched by leftist candidate Andres Manuel Lopez Obrador against last week’s presidential election victory by conservative Felipe Calderon.
He said major automakers are used to working with governments of all ideologies but was cautious about the future of the economy.
“We think economic stability will continue for the rest of this year. We’ll see how things look under the new (presidential) administration,” he said.
