Mexico’s car production dropped 33.3 percent year-on-year to 208.1 thousand units in September of 2021, the lowest level since May of 2020. Production was lower for most major producers, namely Stellantis (-29.7 percent to 36.8 thousand units), Nissan (-39 percent to 30.5 thousand), General Motors (-73 percent to 20.6 thousand), and Volkswagen (-32.2 percent to 21.7 thousand). Conversely, Ford significantly reinstated production compared to the almost non-existing base year (7,338 percent to 24.1 thousand). source: Instituto Nacional de Estadística y Geografía (INEGI)
Car Production in Mexico averaged 167.10 Thousand Units from 1988 until 2021, 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 October of 2021.
Car Production in Mexico is expected to be 265.00 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 360.00 Thousand Units in 2022 and 370.00 Thousand Units in 2023, according to our econometric models.