Vehicle Production, Exports Grew in June 2023

Vehicle production grew 16.2% in June 2023, with Audi and Honda leading the way, reports INEGI. Meanwhile, exports grew 20.4%, with BMW, General Motors and Ford the Top 3 OEMs in exports. 

INEGI’s Administrative Registry of the Light Vehicle Automotive Industry (RAIAVL) reports that 331,707 cars were assembled during June, a year-on-year increase of 46,390 units compared to the same month of 2022. Nonetheless, the industry is still 3.3% below pre-pandemic levels. 

"The solid performance of the industry during the first half of the year, allows us to anticipate that the trend will continue throughout the second semester, aiming for a positive outcome in 2023, with the possibility of at least returning to pre-pandemic levels," says José Zozaya, President, AMIA. During the 1H23, car production amounted to 1.89 million units, which reflects a year-on-year increase of 13.9%. 

Audi showed the best performance in June 2023, with a production of 16,578 cars and an annual growth of 152.4%. It was followed by Honda with a manufacturing volume of 15,951 and a growth of 124.7%. BMW Group increased its manufacturing volume by 109.8%, while Nissan, Ford Motors and Volkswagen by 80.3%, 67.7% and 33.6%, respectively during the same period. 

Vehicle exports also grew in June 2023. During this month, Mexico exported 286,291 cars, a 20.4% increase compared to the same month in 2022. However, compared to pre-pandemic levels, exports remain 12.6% below the 327,454 vehicles exported in June 2019.

During 1H23, exports totaled 1.56 million units. BMW Group was the leader in this group with 10,651 cars exported and a year-on-year growth of 175.1%. In second place was General Motors with 68,299 units exported, a 61.3% increase compared to 1H22. In third place was Ford Motors, with 33,888 vehicles exported, showing a 60.9% increase. 

On the other hand, vehicle imports also accelerated, mainly from Asian OEMs. This  has led to the saturation of Mexican Ports. Guillermo Rosales, President, AMDA, pointed out that 70% of all vehicle imports come from Asia, which has resulted in slow vehicle reception and delayed delivery times to the final customer, as reported by MBN. In this regard, specialists pointed out that to keep up with the market's needs, the industry must invest in the expansion and modernization of the ports.