Mexico's car output rose by 13.2% year-on-year to 294,350 thousand units in July 2023, reaching the highest level for a July month since 2020. This marks the 15th consecutive month of growth in auto production, mainly due to increased production at Nissan (+103.2% to 47,764) and Ford Motor (+91.9% to 34,221). Conversely, declines were recorded at General Motors (-30.8% to 45,508), Stellantis (-17% to 31,069), Volkswagen (-14.7% to 31,627) and KIA (-15.5% to 16,900). source: Instituto Nacional de Estadística y Geografía (INEGI)

Car Production in Mexico averaged 173.66 Thousand Units from 1988 until 2023, 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 August of 2023.

Car Production in Mexico is expected to be 347.00 Thousand Units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Car Production is projected to trend around 226.00 Thousand Units in 2024 and 276.00 Thousand Units in 2025, according to our econometric models.

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Mexico Car Production



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-07 12:00 PM Jun 16.3% 25% 8.5%
2023-08-04 12:00 PM Jul 13.2% 16.3% 18.0%
2023-09-07 12:00 PM Aug 13.2%


Related Last Previous Unit Reference
Business Confidence 53.60 53.40 points Jul 2023
Industrial Production Mom 0.60 0.90 percent Jun 2023
Industrial Production 3.66 3.89 percent Jun 2023
Manufacturing Production 0.85 1.91 percent Jun 2023
Capacity Utilization 82.50 84.10 percent Jun 2023
Changes in Inventories 64313.00 83868.00 MXN Million Mar 2023
Car Registrations 47622.00 48891.00 Units Jul 2023
Car Production 294.35 331.71 Thousand Units Jul 2023
Total Vehicle Sales 47622.00 48891.00 Units Jul 2023
Private Investment 17.40 6.10 percent May 2023

Mexico Car Production
In Mexico, Car Production refers to total production of vehicles.
Actual Previous Highest Lowest Dates Unit Frequency
294.35 331.71 381.99 3.72 1988 - 2023 Thousand Units Monthly
NSA

News Stream
Mexico Car Production Rises for 15th Month
Mexico's car output rose by 13.2% year-on-year to 294,350 thousand units in July 2023, reaching the highest level for a July month since 2020. This marks the 15th consecutive month of growth in auto production, mainly due to increased production at Nissan (+103.2% to 47,764) and Ford Motor (+91.9% to 34,221). Conversely, declines were recorded at General Motors (-30.8% to 45,508), Stellantis (-17% to 31,069), Volkswagen (-14.7% to 31,627) and KIA (-15.5% to 16,900).
2023-08-04
Mexico Car Production Continues to Rise
Mexico's car output increased by 16.3 percent year-on-year to 331.707 thousand units in June 2023, reaching the highest level for a June month since 2019. This marks the 14th consecutive month of growth in auto production, driven by the increased production at Ford Motor (67.7 percent), Nissan (80.3 percent), Toyota (17.0 percent), and Volkswagen (33.6 percent). However, General Motors, KIA, and Stellantis experienced declines in production by 37.5 percent, 8.5 percent, and 6.5 percent, respectively.
2023-07-07
Mexican Car Output Growth Quickens to 8-Month High
Car production in Mexico rose by 25.1% from a year earlier to 344,201 units in May of 2023, the highest level for that month since 2019. It marks the 13th consecutive month of increases in Mexican car output and the strongest since last September. Among major automakers, production grew for General Motors (+22.4% to 69,327), Nissan (+50% to 56,659), Ford Motor (+70.6% to 40,463) and Stellantis (+10.7% to 40,521). On the other hand, decreases were recorded for Volkswagen (-22% to 22,272), Mercedes Benz (-31% to 6,333) and KIA (-3.4% to 23,000).
2023-06-06