Mexican Auto Output Rises to Highest Level Since November 2020
(Bloomberg) -- Mexico's vehicle production reached its highest level since November 2020 as exports rose and demand in the automotive sector increased.Â
Auto production rose 0.8% in March to 305,976 vehicles versus 303,515 a year earlier, according to the national statistics agency. Exports increased 2.5% to 262,494 units and were at their highest level since December 2020. Consumers bought fewer vehicles in March, with sales falling 1.2% from a year earlier to 95,199 units.
The automakers with highest growth was Honda Motor Co. which saw a 88% growth in production. Toyota Motor Corp. posted a 29% increase and Stellantis grew 28.4%.
©2022 Bloomberg L.P.
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