Overview
- Mexico produced 3,709,533 light vehicles in January–November, down 1.5% year over year, with November output falling 8.4% to 322,205 units, the weakest November since 2023, according to INEGI.
- Vehicle exports from Mexico totaled 3,160,741 units in January–November, a 1.6% annual decline, reflecting the sector’s heavy reliance on the U.S. market for roughly four out of five shipments.
- AMIA executives say shifting U.S. trade measures have injected uncertainty that is weighing on production plans and making investment and capacity decisions more cautious.
- Mexico’s auto-parts industry recorded a 4.35% year-on-year drop in output to $89.24 billion in January–September, only its second decline in three decades, with INA linking the downturn to new U.S. tariffs and weaker U.S. demand.
- Argentina’s November vehicle production fell to 37,961 units, down 19.6% from October and 29.3% year over year, yet year-to-date output is just 0.9% below 2024, exports are down 9.5% year to date, and wholesale deliveries to dealers have jumped 47.9%.