Industry data shows that Mexico’s vehicle production plummeted 25% in July from a year earlier, although the trend is showing signs of improvement as shipments to the US start to pick up.
Go deeper with GlobalData
The Mexican Automotive Industry Association, or AMIA, said that most of Mexico’s output goes to the US and the recent improvement to the market there offers some hope.
“This looks like good news, though it isn’t a trend yet and we have to be cautious about it,” said AMIA head Eduardo Solis said at a press conference.
Mexico’s vehicle exports were down 25.6 percent in July compared to a year earlier.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
