Auto production hits record level in Mexico

October 18th, 2011 - 12:02 pm ICT by IANS  

Mexico City, Oct 18 (IANS/EFE) Mexico’s total automotive output hit a record level in the January-September period, when 1.9 million vehicles were produced, authorities said Monday.

The automotive industry has been “one of the most dynamic (sectors) in the national economy, both because of its high production levels and its rate of exports” in 2011, the economy secretariat said.

Total production in the January-September 2011 period was up 14.7 percent, compared to the same period last year, with output reaching 1.905 million units, a “maximum historical figure for the first nine months of a year”, the secretariat said.

Exports totaled 1.58 million units during the first nine months of this year, a figure that was up 14.8 percent from the same period in 2010.

“In the ninth month of this year alone, vehicle production reached 225,287 units, marking annual growth of 14.1 percent,” the secretariat said, citing Mexican Automotive Industry Association, or AMIA, figures.

Domestic auto sales, meanwhile, “continued on a positive trend”, rising 12.2 percent in September, the secretariat said.

A total of 631,336 new vehicles have been sold in Mexico this year, representing an increase of 11.6 percent compared to the same period last year.

The automotive industry is the most important manufacturing sector in Mexico, which is home to the world’s leading automakers and serves as an export platform.

General Motors is the No. 1 automaker in Mexico, followed by Volkswagen, Ford, Chrysler and Toyota.

–IANS/EFE
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