Bloomberg Law
Nov. 7, 2022, 1:52 PM

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

Rafael Gayol
Rafael Gayol
Bloomberg News

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 ...