Mexico's auto production in May was 297,375 vehicles.
Among the top 10 automotive manufacturing countries, only Mexico and Germany registered double-digit production increases in May. Germany was up 13% and Mexico 11.9.
The leader in automotive production, China, saw its figure drop 13%, while the United States, in No. 2 position, saw a slight rise of 2.1%
The other big automaker in Latin America is Brazil, which saw its production fall 12.2%. Mexico built 297,375 vehicles in May, overtaking Brazil, which built 207,688, for the No. 7 spot in the world.
What sets Brazil apart from Mexico is the former’s dependence on the domestic market. Nearly all its production is sold internally, while most of Mexico’s is exported to the United States and other countries.
In the first seven months of the year Mexico’s production rose 7.5% over the previous year, with a total of 1.86 million units.
Automotive exports last year were worth $70.6 billion to Mexico and were responsible for 600,000 direct jobs.
The industry could be stronger, say analysts, if the domestic market were healthier. In 2007, Mexicans purchased 1.1 million new, domestically-built vehicles, a figure that has remained more or less unchanged or lower since.
A slight increase has been seen between January and July of this year, with domestic sales up 1.3% to 596,571 units.
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