Mexico: New vehicle sales improve 12% in September

New car sales in Mexico rose to 73,997 units in September 2011, a year-on-year increase of 12%, according to the Mexican Automobile Industry Association (AMIA).

Vehicle exports from the country improved as well, totalling 193,590 passenger cars and light trucks last month, Dow Jones Newswires reports, citing figures released by the association. This figure was an improvement of 14% compared with exports in September 2010.

Although automotive exports from Mexico to the US remained flat last month, increases were reported in exports to Latin America (+80%) and Europe (+27%). According to AMIA, this diversification of exports is what has helped keep the Mexican automotive industry expanding at a significant pace.

Automotive production in Mexico, meanwhile, increased 14% year-on-year to 225,287 vehicles in September. The country's automotive industry produced the most number of vehicles ever for the January-September period. The first three quarters of this year saw automotive output from Mexico increase 15% to 1.91 million units, Dow Jones said.

Posted in Automotive