Covering the Industry's Economic, Legal & Financial Issues

MexicanAutomotive covers the Mexican automotive and auto parts industries, and is published monthly in English and Spanish. MexicanAutomotive reports on general Mexican automotive industry topics, as well as economic, financial and legal issues affecting the North American automotive industry. Published by Cacheaux, Cavazos & Newton (CCN), subscriptions to MexicanAutomotive are free. CCN is an international law firm with offices in Texas and Mexico. The firm provides legal services in many practice areas including Automotive law to clients doing business in the NAFTA region.

MexicanAutomotive Stats E-mail
  • So far in 2011, internal auto sales are up 18.9%, yet are still lower than those recorded for the same period in 2007.
  • In September 2011, internal sales grew by 12.2% with 73,997 vehicles sold, compared to 65,932 sold in September 2010.  The total sales figure for 2011 is 11.6% higher than that recorded through September 2010.
  • Total production grew by 14.1% in September 2011 to 225,287 units.  The cumulative total amounts to 1,905,659 lightweight vehicles, a 14.7% increase compared to 2010, and 19.6% higher than the cumulative amount as of September 2008.
  • In September 2011, exports increased by 14.2% compared to the same month in 2010 (193,590 units).  As far as the cumulative total, the difference is 14.8% higher than in 2010 and 25.5% higher than in 2008.
  • In September, the internal market for the United States was 9.8% higher than in August 2011 with an increase of 10.3% to the cumulative total as of September 2011, compared to the record for 2010 with 9,485,612 lightweight units sold. This is true even though a negative difference of 11.6% persists with respect to the cumulative total as of September 2008.
  • As far as the cumulative total from January to September 2011, exports to the United States increased by 7.4%, to Canada by 18.7%, to Latin America by 62.9%, and to Europe by 14.8%. Meanwhile, Africa and Asia reported decreases by 27.9% and 35.5% respectively, compared to the same period in 2010.

 

The Mexican Department of the Economy announced that Mexico’s cumulative auto production reached a “historic high” between January and September 2011, with 1.9 million vehicles manufactured.  In 2011, the Mexican automotive sector has been “one of the most dynamic sectors in the national economy due to its high levels of production as well as its number of exports.”  The data confirm that the automotive industry is the most important industrial manufacturing industry in Mexico.  The principal auto manufacturers in the world have plants in Mexico and the majority of production is destined for export.  The largest manufacturer in Mexico is General Motors (GM), followed by Volkswagen, Ford, Chrysler and Toyota.

 

 
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