Car production in Mexico fell 1.3 percent year-on-year to 344,928 units in November of 2018, after decreasing 4.8 percent in the previous month. Among major automakers, output went down for General Motors (-11 percent to 75.1 thousand); FCA Group (-19.3 percent to 48.7 thousand), Honda (-18.1 percent to 15.3 thousand) and Mazda (-1.1 percent to 12.7 thousand). In contrast, production grew for Nissan (5.4 percent to 67.1 thousand), Volkswagen (6.2 percent to 36.9 thousand), Kia (37.9 percent to 29.9 thousand) and Toyota (29.4 percent to 16.9 thousand). Meantime, auto exports fell 5.8 percent to 273,763 units, after increasing 0.8 percent in the prior month. Considering the January to November period of 2018, auto production was flat at 3,670,462 units while auto exports increased 5.8 percent to 3,157,937 units. Car Production in Mexico averaged 158.78 Thousand Units from 1988 until 2018, reaching an all time high of 381.99 Thousand Units in October of 2017 and a record low of 35.61 Thousand Units in April of 1988.
Car Production in Mexico is expected to be 350.00 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 335.00 in 12 months time. In the long-term, the Mexico Car Production is projected to trend around 360.00 Thousand Units in 2020, according to our econometric models.