EconomyFinancialDecember car production falls 16.51% at an annual rate,...

December car production falls 16.51% at an annual rate, according to Inegi

In all of 2021, the total production of light vehicles was 2,979,276 units, which represents a drop of 2% compared to the production reached in 2020, reported the National Institute of Statistics and Geography.

The automotive industry in Mexico had a difficult year due to the international shortage of semiconductors. Therefore, production plummeted 16.51% in December 2021, compared to December 2020.

In the annual accumulated, the production of cars in Mexico in 2021 was 60,902 units below that reached in 2020.

However, 2021 car production is still well below that achieved in 2019, the year before the COVID-19 emergency, when 3,811,068 units were produced. Which is equivalent to a decrease of 21.8%.

Among the car brands with the most falls in their production are General Motors, Mercedes Benz and Mazda, falling 28.9, 12.9 and 8.3%, respectively, compared to 2020.

In contrast, Ford managed to increase its production 60.4% in 2021, compared to the previous year. Other automakers such as Toyota or BMW also saw an increase in their annual production, of the order of 31.3 and 23.4%, respectively.

Exports fall 17.31% in December

The export of light vehicles reached 227,465 units in December 2021; that is, 47,616 units less than in the same month of 2020. This represents a drop of 17.31%.

But if the January-December period is compared, in 2021 there was an increase in exports of 0.94%, compared to 2020. General Motors was the carmaker that reduced its exports the most in 2021, selling 22.1% fewer units than in the previous year.

Autonomous driving, a promise that fades in big cities?

The autonomous vehicle will reduce traffic and road accidents. But its massification in Mexico could take up to two more decades.

China displaces India as the largest supplier of cars for Mexico

The Asian giant surpassed India as Mexico's largest supplier of vehicles thanks to the arrival of new Chinese brands and to GM increasing the sale of Chinese-made models.

The Yaris sedan is renewed! This will be its price, equipment and engine

The Japanese manufacturer decided to add a more equipped version to capture those customers who are looking for more security elements within the subcompact sedan segment.

90 month loans? It is not the only alternative to buy a car with...

The assemblers try to promote the sale of their units through credit, but beyond just lengthening the terms, they are developing new schemes that allow low monthly payments.

LAST MINUTE: Renault plans to reduce its participation in the capital of Nissan

Renault could reduce its share to just 15% of Nissan, showing interest in entering the new electric vehicle entity "Ampère".

More