Mexican production of heavy trucks down 8.2 percent in September

Tuesday, 10 October 2023 00:57:59 (GMT+3)   |   San Diego
       

The production of heavy trucks in Mexico registered the second consecutive decline in September, decreasing 8.2 percent, year-over-year, to 17,344 units, according to SteelOrbis analysis of data from the national statistics office Inegi.

Of the total production, 94.5 percent was concentrated in three companies: Freightliner with 58.1 percent, International Truck with 27.2 percent and Paccar's unit in Mexico (Kenworth) with 9.1 percent.

Heavy truck exports also recorded their second consecutive annual decline. In September the annualized decrease was 9.3 percent to 14,151 units.

Of the total exports of heavy trucks, two companies concentrated 96.5 percent of the total: Freightliner contributed 64.9 percent and International Truck contributed 31.6 percent.

Accumulated production in the first nine months was 168,074 units and exports totaled 134,596 trucks, figures that represented annualized increases of 14.5 and 9.9 percent, respectively.

According to Inegi, the United States was the main export market for heavy trucks produced in Mexico, accounting for 95.9 percent of the January-September period.

Retail sales in the Mexican market increased 33.9 percent, year-over-year, in September to 4,460 units, the highest volume in at least the last four years for the same month. In the accumulated nine months, 38,018 units were sold, 33.2 percent more, compared to the same period last year.

Inegi's production information comes from the 10 companies affiliated with the National Association of Bus, Truck and Tractor Producers (ANPACT) and from the unaffiliated company, Sparta Motors, which is owned by the Chinese company Shaanxi Automobile.


Similar articles

Wire rod consumption in Mexico down 9.9 percent in March

20 May | Steel News

Judge ratifies bankruptcy of Minosa, mining arm of AHMSA

20 May | Steel News

Mexican Grupo Acerero reduces investment for mini mill from up to $400 million to $150 million

20 May | Steel News

Mexican domestic scrap prices - week 20, 2024

17 May | Scrap & Raw Materials

HDG consumption in Mexico down 3.5 percent in March

17 May | Steel News

Consumption in Mexico of steel plate fell 25.4 percent in March

17 May | Steel News

Rebar consumption plummets in Mexico, March down 36 percent

17 May | Steel News

FDI to Mexico up 9.0 percent to $20.3 billion in Q1

16 May | Steel News

Mexican CRC consumption up 9.1 percent in March

16 May | Steel News

Mexico’s HRC consumption remains stable in March

16 May | Steel News