More people are buying new cars in Mexico this year, even as the country’s factories are making slightly fewer of them — a split that matters on both sides of the border.
Mexico sold more than 1 million new vehicles from January through August, up 4.7% from the same period last year, according to Mexico’s National Institute of Statistics and Geography, known as INEGI.
At the same time, Mexico produced about 2.65 million vehicles, down less than 1%, while exports were essentially flat at about 2.25 million vehicles.
And most of those exports are headed north.
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Naxi Lopez-Puente
Reporter
Naxiely López, managing editor of the Rio Grande Valley Business Journal, is a veteran Valley journalist who reported and served as metro editor at The Monitor. She later led programs and partnerships at Mission EDC, giving her on-the-ground insight into regional growth. A Valley native raised in South Texas, she brings a deep working knowledge of how the RGV does business.
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