Mexico Auto Production Falls for First Time in Almost Two Years
Mexico’s auto output plunged 11.2 percent in the previous month, the first decline since April 2011, as Easter fell in March this year after occurring in April last year, the head of an auto industry trade group said.
Production amounted to 238,519 vehicles in March, the lowest monthly total since December, according to data released today in Mexico City by the Mexican Automobile Industry Association, or AMIA. Exports dropped 9.7 percent to 204,475 last month as shipments declined to the U.S., Canada, Latin America and Europe.
The timing of Easter probably slowed Mexico’s car factories as schools let out the last week of March and many people had holidays on March 28 and 29, AMIA President Eduardo Solis told reporters. Last year, Easter fell on April 8.
“These figures are very sensitive to the number of working days and this always happens when we have Holy Week falling in different months,” Solis said, referring to the week before Easter. “We’ll have to compare the two-month period of March and April with the same two-month period from last year.”
Domestic sales slid 1 percent to 82,767 in March, AMIA said.
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