Automotive Sector in Mexico | FASTENER EURASIA MAGAZINE
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Automotive Sector in Mexico Experiencing the Biggest Decline

Motor vehicle production in Mexico last October amounted to 311,150 units due to the decline in demand in the domestic market as well as changes in production platforms and the General Motors strike in the US. The decline of about 16.35% was the highest recorded in the last three decades..

It was announced that the production in the production lines was at the lowest level in the last 6 years and the production decreased by 2.56% in the first 10 months of the year.

According to data from the Mexican National Institute of Statistics and Geography (INEGI), 7 out of every 11 vehicle manufacturers in the country saw a decrease in production, the most prominent example of which was company Ford, which produced 29 thousand 849 vehicles produced October of last year, has spent the same period of this year with no vehicle production.