Mexico's production of cars and light trucks in May rose 2.8% versus the same month last year to a record 228,048 units, the Mexican Automobile Industry Association, or AMIA, said Monday.
May auto exports grew 5.7% to 187,042 autos, which was also a record, AMIA said. Exports to the U.S. in May fell 0.5% versus the year-ago month and auto exports to Europe fell 41% versus May 2011, AMIA said.
But Mexico's exports of cars and light trucks to other Latin America countries grew by 32% in May to 31,942 autos, the industry group said.
AMIA President Eduardo Solis said sales to Brazil are expected to fall later this year when Mexico hits its quota for tariff-free auto exports to Brazil.
For the January-May period, Mexico's auto production was 13% higher compared to the same period last year to 1.15 million, and exports were up 14% to 945,530 vehicles, Amia said. Both numbers represented new records for Mexico in the five-month period.
Domestic auto sales in May rose 17% to 80,267 cars and light trucks. And accumulated domestic sales in the January-May period grew by 11% compared to the year-ago period to 383,731 autos, AMIA said
You might also be interested in:
The Netherlands and the agricultural sector have always been closely connected. Some 24% of the world’s trade in horticultural products is in Dutch hands, while 50% of global trade in floricultural products are controlled by Dutch companies. The Netherlands is the world’s number one in greenhouse horticulture, the number one producer of onions, and the number one exporter (in value) of fresh vegetables.
Consumer behaviour and expectations have suddenly leap-frogged and the business must evolve; everyone is playing catch-up. To stay relevant, now is the time to revisit key assumptions of the past.