Mexico’s automotive output, sales, and exports declined in August on an annual basis due to weak demand.

 

Production fell by 13.1pc to 293,463 units in August from 337,898 cars in the same prior-year period, the National Institute of Statistical and Geographic Information (Inegi) indicated on Friday.

 

Sales decreased by 28.6pc to 77,092 units in August, down from 108,058 vehicles sold in the same month last year, while exports fell short by 8.5pc to 257,610 units from 281,811 units shipped in the same period under comparison. 

 

Auto exports down

Between January and August this year, Mexico’s auto shipments to the USA fell by 31.1pc to 1.25mn units, from 1.81mn shipped in the prior-year period. Exports to Canada also decreased by 40.1pc to 95,860 cars in the first eight months, from 159,945 units exported in the same period of 2019.

 

Shipments destined for Colombia declined by 30.4pc to 20,562 cars in January-August this year, down from 29,545 cars exported the same period of 2019, while exports to Brazil plunged by 80pc to 7,644 vehicles from 38,188 in the same eight-months last year. Exports to Chile also fell by 59pc to 6,521 cars from 15,892 cars during the same period under comparison.

 

Cars shipped to Europe decreased by 36.6pc to 86,160 vehicles between January and August of this year from 135,831 cars shipped in the same period last year, while those to Asia declined by 18.2pc to 27,628 units in the eight-month period from 33,775 cars in Jan-Aug 2019.

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