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automotive-industry-mexicoMexico's production and exports of cars and light trucks both rose to record highs for the first five months of the year 2012, the nation's Automobile Industry Association, known as AMIA, reported.

From January to May the country produced 1.15 million units, 12.5 percent more than the year-earlier period and the highest of any first five months, the group said in a statement distributed in Mexico City today. Mexico exported 945,530 over the same time, an increase of 13.7 percent over a year ago, AMIA said. Mexico's auto industry had broken its output record last year.
 
"We are repeating once again record figures for production and exports," said Eduardo Solis, president of AMIA. "We've been diversifying our markets."
Mexico auto production rose 2.8 percent to 228,048 units in May from the year-earlier period, AMIA said. Exports of vehicles climbed 5.7 percent to 187,042 units over the same period, the group said in a statement distributed in Mexico City today.

Domestic sales rose 17 percent after reaching 80,267 units last month, compared with 68,634 units same month last year, according to the nation's car dealership association, or AMDA, in a separate report issued at the same event.

Source: http://www.businessweek.com

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