Mexico's Light Vehicle Production Exceeds 920,000 Units, Exports Reach 824,000 in Q1 2024

2024/04/05
Market Data
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Mexico
According to the Administrative Record of the Light Vehicle Industry (RAIAVL) released by Mexico's National Institute of Statistics and Geography (INEGI), in the first quarter of 2024, Mexico produced 927,781 light vehicles and exported 824,971 units. During the same period, light vehicle sales reached 349,752 units, with light trucks accounting for the highest proportion at 75.6% of the total production. In March, domestic market sales were 124,395 units, representing a 4.7% increase compared to the same month in 2023. In terms of exports, 286,002 light vehicles were exported in March, and a total of 824,971 units were reported for the period January-March 2024, marking an 11.3% increase compared to the same period in 2023. The data comes from 23 affiliated companies of the Mexican Association of the Automotive Industry (AMIA), among others.
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Mexico Industry
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