Mexico June auto production rises 4.1%

MEDELLIN, Colombia (ICIS)–Mexican domestic automobile production increased by 4.1% in June year on year, the Mexican Automakers Association (AMIA) said on Thursday.

Exports registered an increase of 1.8%, the industry group said.

The total number of autos produced was 319,122 in June, up from 306,694 units during the same time last year, AMIA said in a statement.

Exports rose to 247,005 units from 242,720 in June 2015, AMIA said.

The automotive industry is a major global consumer of petrochemicals which contributes more than a third of the raw material costs of an average vehicle. ICIS tracks the movement of petrochemical raw material costs in auto production both globally and regionally with the weighted ICIS Basket of Automotive Petrochemicals (IBAP).

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