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September 04, 2020 08:55 AM

Mexico auto output, exports decline in August

DAVE GRAHAM
Reuters
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    GM Mexico
    Bloomberg

    MEXICO CITY -- Mexican auto production fell 13.15 percent year-on-year in August to 293,463 units, in the third full month the since the car industry restarted after a coronavirus-induced lockdown, data from the national statistics agency showed on Friday.

    Meanwhile, auto exports dropped 8.59 percent to 257,610 units. Output and exports were down by about a third from 2019 during the first eight months of this year, the figures show.

    Measures to curb the spread of the coronavirus pandemic previously brought activity in the sector to a near-standstill.

    The Mexican auto industry accounts for close to 4 percent of gross domestic product and generates nearly 1 million direct jobs, according to the country's main industry association.

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