During 2023, the performance of the automotive industry was higher than initially expected. On the one hand, almost 3.78 million light units (cars and trucks) were produced, once again recovering its historical maximum and maintaining Mexico as the seventh country in the world in vehicle production.

Of interest: Guanajuato: Bajío market that attracted the highest volume of industrial investments in the year

Production grew 14.1% in 2023 and with positive expectations in the medium term, possibly above 8%. This is the industry that could obtain the most benefits from the relocation process (Nearshoring) that Mexico is experiencing. Of what was produced last year, 3.1 million were destined for exports, equivalent to 87.6% of the total.

This proportion could increase in the following years. General Motors is the main exporter, with 21.9% of the total, followed by Stellantis (Chrysler Fiat) with 12.5%. Mexico continues to be the fourth largest vehicle exporter in the world.

Of interest: Saltillo's industrial market maintains an automotive vocation during 2023 In the local market, 1.36 million vehicles were sold during 2023, reporting an unexpected rebound of 24.4% in that year and against all forecasts. Factors such as employment, salaries and automobile credit allowed this good performance. Good expectations remain for the years 2024-2025.

In Solili you can check ships available in Guanajuato, Querétaro and San Luis Potosí

Original note