The Mexican automotive industry shows clear signs of recovery, with cumulative production in the first months of 2023 surpassing pre-pandemic levels and reflecting significant year-on-year growth. Exports are also advancing toward the historical records set in 2019, solidifying the United States as the primary destination for vehicles manufactured in the country. The domestic market is experiencing notable dynamism, driven by greater availability of vehicles, which has reactivated sales nationwide. Forecasts for the end of the year indicate a substantial increase in sales, suggesting that domestic demand is responding favorably to supply, which is crucial for the sustainability of the industrial sector. This report is relevant to the open data community because it illustrates how public administrative data, such as the Administrative Registry of the Automotive Industry, enable precise economic analysis. Transparency in these figures facilitates the creation of performance indicators, monitoring of market trends, and evidence-based decision-making by analysts, investors, and policymakers interested in the evolution of Mexican manufacturing.
Source:Published on 2023-05-10
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