Mexico’s light-vehicle exports surged by 1,499pc in May to 242,020 units compared to 15,139 vehicles in the same month last year, according to the National Institute of Geography, Statistics, and Informatics (INEGI) data.
The exponential annual rise was attributed to the recovery from COVID-19 lockdowns that were imposed in May-June last year, which had considerably weakened demand and trade of light motor vehicles during that timeframe.
Production increased by 956pc to 241,442 units against 22,862 vehicles last May. Light vehicle sales in May rose by 104pc to 85,662 units from 42,034 vehicles in the previous year, INEGI noted.