From January to November 2024, the export of light vehicles manufactured in Mexico was three million 213 thousand 132 units, which represented an increase of 6.5% compared to the same period in 2023, the National Institute of Statistics and Geography (Inegi) announced this Friday .
According to information from the Administrative Registry of the Light Vehicle Automotive Industry (RAIAVL) , in November of this year alone, 289,309 automobiles were sent abroad , which meant an increase of 2.85% over the same month last year.
The brands that registered the highest exports in the first 11 months of the year were Honda , with an increase of 52.4% compared to the same period last year. Nissan followed with an increase in its shipments of 26.8% , and General Motors with an increase of 17.6% in that period.
Automotive production
Inegi also announced that the production of light vehicles reached 3,764,490 units in the period January-November 2024, which represented an increase of 5.65% compared to the same period in 2023. At an annual rate, car manufacturing had a variation of 6.74% with 351,535 units assembled last November.
Of the total manufactured in the first 11 months of the year, 76.1% corresponded to light trucks , which meant two million 866 thousand 239 units produced, while automobile manufacturing accumulated 23.9% in that period with 898 thousand 251 cars.
With an increase of 22.4% from January to November of this year, General Motors stood out in its national production compared to the same period in 2023, while Honda reported an increase of 17.9% in that period, and Volkswagen of 10.5 percent .
With these figures, both exports and production of the Mexican automotive industry are making progress in recovering to pre-pandemic levels.
Thus, the shipment of light vehicles abroad added four months of growth and this November was ranked as the eleventh best month compared to November 2022 and 2023.
Meanwhile, light automobile manufacturing in Mexico recorded its eighth consecutive increase and the eleventh month of 2024 has had the best performance for a November in the last three years.
It should be remembered that on November 5, the decree regulating the definitive importation of used vehicles came into force , which was published by the Ministry of Economy in the Official Gazette of the Federation (DOF) .
In response, the Mexican Association of Automobile Distributors (AMDA) stated that this decree “is the appropriate mechanism to have a legal and orderly trade in used units,” although it also called on the federal government to end the regularization of imported used vehicles, colloquially known as “chocolate cars,” which was until September 30, 2026 , which affects this industry.
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