Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Mexico’s auto production, exports, and sales decreased on an annual basis in June because of the pandemic and tapered demand from some North Latin American countries.


Car production fell by 29.2pc to 238,946 cars in June, down from 337,721 vehicles produced during the same month last year, while exports dropped by 38.7oc to 196,173 cars from 320,470 during the same period, the National Institute of Statistical and Geographic Information (Inegi), said on July 7.


Auto sales also decreased by 41.1pc to 62,837 units in last month from 106,762 vehicles sold in June of 2019.


H1 2020


From January through June of this year, Mexico’s car production dropped by 40.8pc to 1.17mn cars, down from 1.98mn cars produced during the same period the prior year.


Car exports also fell by 41.7pc to 1.01mn units in H1 2020, down from 1.7mn cars shipped in the same period a year ago, while car sales also decreased by 31.8pc to 436,445 units from 640,510 units sold.




Shipments to the US declined by 39.8pc to 825,221 units last month, down from 1.37mn units shipped in June 2019, while shipments to Canada decreased by 45.3pc to 67,747 cars from 123,955 during the period.


Although auto shipments to Latin American countries also decreased, exports to Brazil plummeted by 78.5pc to 6,203 cars shipped in June, down from 28,795 exported during the same month in 2019. shipments to Colombia fell by 29.1pc to 16,111 from 22,717, while exports to Chile dropped by 59.2pc to 4,726 from 11,592.


Auto exports to Europe dropped by 53.7pc to 51,646 units a month ago from 111,459 a year earlier, while exports to Asia decreased by 29.2pc to 19,487 from 27,530.

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