Mexico City:Mexico’s production of light vehicles saw a significant decline of 17.7 percent in October, resulting in approximately 303,000 units produced. Similarly, exports fell by 17.9 percent, amounting to roughly 258,000 units. These decreases represent the most substantial declines for the sector since the effects of the COVID-19 pandemic.

According to Wam, the National Institute of Statistics and Geography attributed the downturn primarily to a reduction in demand from the United States. As the principal market for Mexican vehicle exports, the US saw a 17.6 percent decrease in its acquisition of Mexican-made vehicles. This reduction was further influenced by the imposition of a 25 percent tariff on vehicle imports by the US.

Over the first 10 months of 2026, Mexico’s vehicle production totaled 3.254 million units, marking a 3.9 percent decrease from the previous year. Meanwhile, exports reached approximately 2.786 million units, reflecting a 3.3 percent decline compared to the same period last year.