In 2024, the Mexican automotive industry broke its records in production and export, according to the Automotive Industry Administrative Registry of Light Vehicles published by the National Institute of Statistics and Geography (Inegi).
Between January and December of the past year, vehicle production reached 3,989,403 units, which represented a 5.6 percent increase compared to the same period in 2023, surpassing the record set in 2017.
During the same period, 3,479,086 units were exported, a 5.4 percent rise compared to 2023, breaking the 2018 record.
This performance strengthens the key role of the industry in the national economy, being an important generator of well-paid jobs, a major recipient of foreign direct investment, and a significant contributor to the Gross Domestic Product (GDP), as highlighted by the Mexican Automotive Industry Association (AMIA).
The monthly report shows that the United States was the main destination for light vehicle exports, with 2,771,000 units, representing 79.7 percent of the total.
Rogelio Garza Garza, executive president of AMIA, pointed out that exports to the United States, Canada, and Germany together accounted for 91.7 percent of the total, while the rest went to countries such as Brazil, Colombia, Puerto Rico, the United Kingdom, Saudi Arabia, the United Arab Emirates, and Chile.
In a press conference with the Mexican Association of Automotive Distributors and the National Auto Parts Industry (INA), Garza Garza emphasized that 18 percent of the light vehicles sold in the United States in 2024 were assembled in Mexico, further strengthening the relationship between the two countries.
Domestic sales in 2024 reached a historic volume of 1,496,797 units, marking a 9.8 percent increase compared to 2023.
Gabriel Padilla Maya, the general director of INA, reported that the total production of auto parts in 2024 is estimated to reach 124.484 billion dollars, reflecting a growth of 3.52 percent compared to the previous year.
-Zepeda, C. and Alegría, A, (2025 January), Rompió México 2024 en records en producción y exportación de automóviles, La Jornada, https://r.news.ina.com.mx/mk/cl/f/sh/1t6Af4OiGsEafzIyD8MvQwvW8nhl9G/KfAw63DEyeHf