The car production in Mexico It fell 25.9% during the month of October, after a series of stoppages in some of the automotive plants due to the international shortage of semiconductors.
During this tenth month of 2021, 257,813 light cars were assembled, while in the same month last year, production reached 347,906 units, according to AMIA figures (Mexican Association of the Automotive Industry) reported by Inegi.
In line with the substantial drop in car production, exports also registered a significant drop during this period; 224,535 units were shipped abroad in October, while last year this figure was 280,474. A 19.9 percent contraction.
This situation reflects that these months have been even worse for the automotive and other manufacturing industries than they were in 2020 with the Covid-19.
All automakers, with the exception of Ford Motor and Toyota, were impacted by these effects on global supply chains. In the case of Mexico, the American General Motors It was the company that recorded the steepest drops in both production and the level of exports, with drops of 68.6 and 55.2% respectively.
During October, and throughout 2021, a large part of the automotive companies announced stoppages at their plants installed in Mexico due to a shortage of materials. For their part, experts and international institutions have pointed out this crisis in the supply chains as one of the risks to the global economy.
Reference-www.eleconomista.com.mx