Auto assembly in Mexico plummeted 20% in November due to shortage of components

During November 2021, 248,960 were assembled in Mexico autos light which represented a drop of 20.2% in relation to the level registered in the same month of 2020 (312,184 units).

Global problems in the component supply chain have significantly affected the manufacturing industry, especially the automotive industry; which explains that despite the economic reopening total production levels are even lower than in 2020, when industrial activity was operating at lower levels due to the pandemic.

The shortage of inputs has hit most of the auto companies that have production plants in Mexico. The only ones that avoided the fall were Ford Motor, Toyota and Honda with growth of 31.0, 26.9 and 19.1% respectively, according to figures reported by the AMIA (Mexican Association of the Automotive Industry) published by Inegi.

For its part, the steepest falls in the total vehicle production The Chinese JAC, the German Mercedes Benz and the American General Motors faced them with falls of 96.5, 69.2 and 43.7% respectively.

Car production in Mexico remains low and consequently sales both within the country and shipments abroad continue in the red as well. During this penultimate month of 2021, exports fell 16.5% compared to the internal year, while sales contracted 13.5% even with all the incentives for consumption promoted by El Buen Fin.

Looking forward to the coming months, financial institutions and international organizations predict that problems in the global supply chain and the input shortage It could be extended until the end of 2022.



Reference-www.eleconomista.com.mx

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