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Mexico Auto Exports Jump 19% to Highest Level Since End of 2020

Nov. 7, 2022, 1:52 PM

Mexico’s vehicle exports rose to the highest level since December 2020 as production rose and demand in the automotive sector increased, further supporting a return to normality from the global chip shortage.

Auto exports rose 19% in October to 267,910 vehicles versus 224,535 a year earlier, according to the national statistics agency. Production increased 8% to 278,506 units, the highest level since August 2022. Consumers bought more cars in October, increasing 19% from a year earlier to 91,101 units.

The automaker with the highest growth was JAC Motors which saw a 1,492% growth in production. General Motors Co. posted ...