Vehicle production in Mexico rises 4.1% in January

EL PASO, Texas (ICIS)–Mexican domestic automobile production in January reached 278,542 vehicle units, an increase of 4.1% over January 2016, the Mexican Automakers Association (AMIA) and Mexican Auto Distributors Association (AMDA) said on Thursday.

Exports in January were down by 0.7% year on year at 211,682 units, the associations said.

Sales to the public were higher, rising 3% in January to 123,260 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