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Mexico Auto Output Falls to Lowest Annual Level Since 2014

Mexico’s auto production dropped the most on an annual basis since 2014 as the global microchip shortage continued to weigh on the automotive industry.

In December, auto production fell 16.5% from a month earlier to 212,272 vehicles versus 254,251 in December 2020, according to the national statistics agency. Exports dropped 17.3% to 227,465 autos through the same period.