Mexico's car output dropped 13.2 percent over a year earlier to 293,463 units in August 2020, after rising 0.7 percent in the previous month, as the coronavirus pandemic continued to hit the sector. Among major automakers, output declined at General Motors (-14.9 percent to 69.2 thousand), Nissan (-7.7 percent to 58.1 thousand), Volkswagen (-26.8 percent to 30.9 thousand), KIA (-32.6 percent to 17.4 thousand), Toyota (-5.4 percent to 17.2 thousand), Honda (-22.6 percent to 14.9 thousand) and Ford Motor (-99.5 percent to 0.1 thousand). Meanwhile, production rose at FCA México (6.7 percent to 48.8 thousand), Audi (80.7 percent to 15.3 thousand), Mazda (135.6 percent to 13.9 thousand) and BMW Group (104.9 percent to 7 thousand).
Car Production in Mexico averaged 165.04 Thousand Units from 1988 until 2020, 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 September of 2020. source: Instituto Nacional de Estadística y Geografía (INEGI)
Car Production in Mexico is expected to be 260.00 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 330.00 in 12 months time. In the long-term, the Mexico Car Production is projected to trend around 360.00 Thousand Units in 2021 and 370.00 Thousand Units in 2022, according to our econometric models.