MEXICO – The Mexican Automotive Industry Association (AMIA) has released its report on the production, export and domestic sales of light vehicles for the month of August, based on information published by the National Institute of Statistics and Geography (INEGI).
Mexican light vehicle production and exports grew by double digits in August 2022. The industry continues to overcome challenges in global supply chains. In addition, increasing economic uncertainty and persistent inflation are weighing down consumer demand in the export destination markets.
While the August figure is still below 2019 levels, auto production has reached double-digit growth for two consecutive months, while exports continue to recover at a moderate pace.