Overview
- In November 2025, Mexico assembled 322,205 vehicles, down 8.4% year over year, with exports off 3.4%; year to date, output fell about 1.46% to roughly 3.71 million and exports declined 1.6% to about 3.16 million, according to INEGI.
- Temporary stoppages tied to a global semiconductor shortfall linked to Nexperia disrupted operations, with sharp monthly drops at Honda (-76%), Mazda (-33%), Nissan (-17.6%), GM (-13%) and JAC (-53%).
- The Chamber of Deputies approved in general higher duties covering roughly 1,463 tariff lines for imports from countries without trade agreements, targeting suppliers such as China, India, South Korea and Vietnam, with rates capped around 35% in the revised plan.
- Implementation of the new Mexican tariffs is slated for January 1, 2026 pending final Senate and executive steps, while analysts warn the measures could raise input costs, pressure competitiveness and add modestly to inflation.
- AMIA says the sector will hold off on new model moves in the first half of 2026, seeks to eliminate U.S. Section 232 duties of up to 25%, and stresses preserving zero‑tariff access and rules of origin under T‑MEC to sustain North American competitiveness.