Mexican Recovery

May 2006 | Industry Forecast

In 2005 domestic automotive production in Mexico staged a recovery from the collapse of 2004, when the 1.5mn units produced reflected a 2.2% decline from output in 2003, which in itself had fallen 13.1% y-o-y. The export market continues to play a major part in Mexican output, as exports, particularly to the US, account for over 74% of production. Exports also rallied in 2005 to rise by 8% y-o-y, taking total production for both the domestic and export markets up by 6.6% compared with

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