From January through September, auto plants established in Mexico have built 2,829,761 vehicles, a 9.8% raise.
Last month, Mexico’s automotive industry built 307,174 cars and light trucks, a 7.7% increase compared to the 285,344 units assembled in the ninth month of 2016 and the highest figure for a month of September ever, according to data from the Mexican Automotive Industry Association (AMIA).
From January through September, auto plants established in Mexico have built 2,829,761 vehicles, a 9.8% raise compared to the first nine months of 2016, the AMIA added.
Exports also reached new heights, during September 270,899 units were shipped to foreign markets, that’s 15% more than those exported in the same month of 2016. For the first nine months of 2017 exports totaled 2,287,896 vehicles, for an increase of 11.5% compared to the 2,051,178 units from the same period last year.
In September 207,375 vehicles were shipped to the U.S. market, a 76.6% share, while 19,639 were placed in Canada and a similar number to Latin America, meaning a 7.2% of total exports each.
During the first nine months of 2017 the United States was the main destination for Mexican auto exports with a 76.1% of total, followed far behind by Canada with an 8.7% share, and Germany with 2.9%.
According to Ward’s Auto, 13.7% of the vehicles sold in the U.S. market during September were of Mexican origin, while a similar figure, 13.6%, results from a January-September basis.
You might also be interested in:
In recent years, personality assessment tests are being used more frequently in the hiring process, and for good reason: one’s personality greatly shapes every aspect of a person’s life, including how they conduct themselves at work.
The Philippines has, for six straight years now, topped the global rankings for both social media and internet usage. Last year, the Philippines also had one of the strictest and longest lockdowns in the world, impacting many businesses and accelerating digitalization. Find out how companies have leveraged consumers' digital savviness to survive, the kinds of digital solutions they have employed and what the projections are for digital commerce in the future.