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Home Automotive

Export and production of light vehicles in Mexico “accelerates” in November

In the first 11 months of the year, the shipment of units abroad increased by 6.5% compared to the same period in 2023, Inegi reported.

T21 Media by T21 Media
6 December, 2024
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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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Tags: AMDAEXPORT OF LIGHT VEHICLESINEGIRAIAVLVEHICLE PRODUCTION

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índice de Confianza del Transporte y Logística – Cuarto trimestre 2023 10 destinos de exportación de vehículos pesados 2023 Descubre el Top 10 de destinos de exportación de vehículos pesados en México en 2023 La venta de vehículos pesados rompe récord en 2023 5 marcas de camiones más vendidas