Mexican auto production falls for second year running – Reuters

A carrier trailer transports Toyota cars for delivery while queuing at the border custom-mades manage to cross into the U.S., at the Otay border crossing in Tijuana, Mexico May 31, 2019. REUTERS/Jorge Duenes/File PhotoRegister now for FREE endless access to Reuters.comRegisterMEXICO CITY, Jan 7 (Reuters) – Mexico automobile production fell by 2% last year compared with 2020, the second yearly decrease in a row, as Mexicos flagship commercial sector has a hard time to pull past pandemic shocks and a worldwide semiconductor scarcity, main information revealed on Friday.Auto output in 2021 declined to 2,979,276 cars from 3,040,178 the year prior to, according to figures released by Mexicos nationwide statistics firm (INEGI). The industry did post a minor increase in exports, sending abroad 2,706,980 cars compared to 2,681,806 in 2020, a boost of nearly one percent.Register now for FREE unlimited access to Reuters.comRegisterIn December alone, production fell by 16.51% while exports plunged by 17.31%, marking the 6th straight month of declines. find out more A worldwide semiconductor scarcity in current months has triggered automakers in Mexico and the rest of North America to execute rolling shutdowns, cutting production.In 2020, Mexico vehicle production tanked 20% compared with the previous year due to the pandemics hit on the economy. Mexicos top vehicles association AMIA has approximated production will not return to pre-pandemic levels until late 2023 or in 2024. read more Register now totally free limitless access to Reuters.comRegisterReporting by Mexico City Newsroom; modifying by Jason Neely, William MacleanOur Standards: The Thomson Reuters Trust Principles.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post