Mexico’s car output, sales, and exports dropped in September from the same month last year, due to lower domestic consumption and weak demand from the US and Latin American markets.
Car production decreased by 5.4pc to 301,426 cars in September, from 318,906 cars in the same month last year, the National Institute of Statistical and Geographic Information (Inegi) said in a statement on Tuesday. Car sales declined by 22.7pc to 77,784 from 100,737 units, while exports dropped by 13pc to 247,126 cars from 284,243 in the same month last year.
During the first nine months of the year, automotive shipments to the US fell by 28.7pc to 1.45mn cars, from 2.03mn vehicles the same period last year, while exports to Canada declined by 37.7pc to 109,098 cars from 175,253 during the same period, Inegi noted.
Mexico’s automotive exports to Colombia fell by 33.8pc to 22,566 cars in the January-September period, down from 34,107 vehicles exported in the same period of 2019, and shipments to Brazil dropped by 75.2pc to 10,059 cars from 40,591 units during the same period. Auto shipments to Chile dropped by 52pc to 8,585 cars in the January-September period, from 17,869 cars exported in the same period last year.
Car exports to Europe fell by 34.9pc to 106,460 vehicles in the first nine months of the year from 163,573 cars shipped in the same prior-year period, while exports to Asia decreased by 24.8pc to 28,594 units from 38,034 cars exported in the same period.