Vehicle production in Mexico rises 2.4% in Sept

07 October 2016 21:06 Source:ICIS News

MEDELLIN, Colombia (ICIS)--Mexican domestic automobile production in September reached 285,344 vehicle units, an increase of 2.4% over last year, the Mexican Automakers Association (AMIA) and Mexican Auto Distributors Association (AMDA) said on Friday.

Exports in September were also higher, up by 8.8% year on year at 235,612 units, the associations said.

Accumulated production since the beginning of the year through September was at 2,576,481 units, up by 0.9% from last year’s cumulative production of 2,552,921 units, AMIA said.

Sales to the public were sharply higher jumping 18.1% in September to 131,443 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).

ICIS produces a monthly Global Automotive report covering the major automotive chemicals markets, the auto-industry, the IBAPs and macroeconomic trends. For more information on the report and details on how to subscribe, please click here

By Leela Landress de Perez