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Mexico Auto Output Slips Through October With Weaker Exports, Resilient Sales

Fresh Inegi data highlight sharper October declines that underscore reliance on U.S. demand.

Overview

  • Light‑vehicle production fell 0.69% year to date to 3,389,424 units, while exports declined 1.45% to 2,881,399 units, according to Inegi/RAIAVL.
  • October registered a steeper pullback, with production down 3.72% to 367,870 units and exports down 5.45% to 314,227.
  • Domestic sales contrasted with export weakness, rising 5.99% in October to 129,736 units and edging up 0.11% year to date to 1,204,823.
  • Export concentration remained high, with the United States taking 78.7% of January–October shipments, followed by Canada at 11% and Germany at 3%.
  • Several major automakers posted year‑on‑year production drops through October, including Volkswagen (-16.3%), Honda (-13.3%), Mazda (-10.7%), Stellantis (-8.7%) and Mercedes‑Benz (-7.6%).