Mexico auto production, exports recover sharply in June from May

MEXICO CITY — Mexico’s auto manufacturing and exports picked up steam in June from a month earlier, however had been down sharply versus a yr earlier, official knowledge confirmed on Tuesday, as carmakers reopened vegetation from their coronavirus-induced shutdown.

Manufacturing jumped almost 11-fold in June to 238,946 models, from 22,119 models in Might. Yr-on-year, manufacturing slipped 29 p.c in June.

Mexico exported 196,173 models in June, up 13 instances versus the 15,088 models shipped in Might. Nonetheless, exports had been down 39 p.c in June from a yr earlier.

The Mexican Automotive Business Affiliation estimated that manufacturing of sunshine autos might fall between 28-30 p.c in 2020, whereas exports could slide by 30-33 p.c.

Mexico’s auto business accounts for about four p.c of gross home product and generates almost 1 million direct jobs, in response to AMIA.

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