Mexico Nov auto production rises 7.4%

BUENOS AIRES, Argentina (ICIS)–Mexican domestic automobile production in November reached 318,149 vehicle units, an increase of 7.4% over last year, the Mexican Automakers Association (AMIA) and Mexican Auto Distributors Association (AMDA) said on Wednesday.

Exports in November were also higher, up by 9.6% year on year at 245,330 units, the associations said.

Production since the beginning of the year through November was at 3,223,120 units, up by 1.5% from last year’s production of 3,176,135 units, AMIA said.

Sales to the public were sharply higher, jumping 22.5% in November to 154,616 units, 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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