Mexican automotive sector expects record production and exports in 2024, possibly matching 2017 and 2018 peaks.

Mexico's automotive sector is set to achieve record production and exports in 2024, as projected by Odracir Barquera of the Mexican Automotive Industry Association. Anticipated production could match the 2017 high of 3.9 million vehicles, while exports may reach the 2018 peak of 3.4 million units. The industry, crucial for foreign investment, heavily relies on markets in the U.S., Canada, and Germany, with SUVs and pickups making up 80% of exports.

October 08, 2024
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