Vehicle production in Mexico grew 25.0 percent in May, year-over-year, totaling 344,201 vehicles. It is the thirteenth consecutive annual increase and it is the fifth time that the level of 300,000 units per month has been exceeded in the last 30 months (since December 2020), according to a SteelOrbis analysis of data from the national statistics agency. Inegi.
In the international market, the automotive industry exported 279,274 vehicles, 14.2 percent more than in May last year. That volume is the highest in the last 30 months, second only to November 2020's 287,703 units.
Accumulated production for the first five months of the year was 1.56 million vehicles and exports 1.27 million units, figures that represent annualized increases of 13.4 and 9.2 percent, respectively.