Our Main Services

  • Accounting & Taxes

  • We strive to comply with accounting principles and tax requirements for your company. The information is always on time and available online.

  • Import & Export

  • Our management team has a significant knowledge of Mexican Trade Compliance and Foreign trade requirements.
    .

  • Human Resources

  • We are a talent-focused organization that recruits passionate and thoughtful staff and then invests significantly in developing them for your organization.

  • Environmental Health & Safety

  • We enable organizations to outsource all or part of this important aspect of their business to our fully qualified health and safety representatives.

Mexican auto exports post first annual decline in 10 years

MEXICO CITY (Reuters) - Mexican auto exports posted their first decline in a decade last year, while production in the industry registered its biggest fall over the same period, official data showed on Wednesday, the latest evidence of weakness plaguing the economy.

Auto production slipped by 4.1% to 3,750,841 units in 2019, national statistics agency INEGI said. That was the second annual decline in succession and the biggest since a drop of some 28% during the Mexican recession of 2009.

Exports fell by 3.4% to 3,333,586 units last year, the data showed, marking the first annual decline since 2009.

In December, auto output tumbled by 12.7% to 208,073 units and exports by 16.7% to 229,227 units.

Mexico exports the bulk of its manufactured goods to the United States, where industrial activity has been slowing.

Mexico's economy has been battling to stave off recession since President Andres Manuel Lopez Obrador took power in December 2018 vowing to lift economic growth to 4% per year.

Instead, the economy suffered a mild contraction in the first six months of 2019, and economists say there is a risk Mexican gross domestic product will show its first negative annual growth in a decade when final data are published.

The Client List

  • 1

About Mexcentrix

We assist companies with their manufacturing operations in Mexico.

Keep in Touch

 

  This email address is being protected from spambots. You need JavaScript enabled to view it.
  +1 (877) 212-5593
  Himalaya 210 San Luis Potosi

 

Get Map

Mexcentrix

Print

Latest News

10
Aug2020

SAT cobra un retroactivo de...

Colegio de Contadores considera que la medida es meramente recaudatoria e ilegal; benéfico que Prodecon fije su...

09
Jun2020

Stumbling angel? Mexico risks losing...

MEXICO CITY (Reuters) - Mexico is facing its deepest recession in decades and prominent investors believe it...

28
May2020

CFE chief vows to end...

The director of the Federal Electricity Commission (CFE) has vowed to put an end to “simulation and...

15
May2020

Mexico green lights auto industry...

MEXICO CITY (Reuters) - Mexico will begin opening some automotive factories from May 18 under a plan...

06
May2020

Some Mexico central bank officials...

MEXICO CITY (Reuters) - Mexico's central bank is likely to cut interest rates further, with some members...

04
May2020

Mexico's economy plunges deeper into...

MEXICO CITY (AP) — Mexico’s economic activity dropped 1.6% in the first quarter compared to the final...

22
Apr2020

'A failure foretold': Mexican president's...

MEXICO CITY (Reuters) - Mexican business leaders fed up with President Andres Manuel Lopez Obrador are beginning...

03
Apr2020

Mexican Economy May Contract by...

MEXICO CITY — Mexico's Treasury predicted Thursday that the country's economy will contract by as much as...

29
Mar2020

Mexico’s President Pushes Relations with...

Mexican President Andres Manuel Lopez Obrador’s relationship with the country’s business elite is rapidly deteriorating over the...

21
Mar2020

U.S., Mexico banning ‘nonessential’ crossings...

WASHINGTON – The U.S. and Mexico were moving to restrict “nonessential travel” across the border just after...

20
Mar2020

Ford, GM, Fiat Chrysler agree...

Ford Motor Co., General Motors Corp and Fiat Chrysler have all decided to halt production as the...

09
Mar2020

Mexican Private Sector Pitches $92...

MEXICO CITY — Mexico's private sector has drawn up a broad package of proposed energy investments for...

04
Mar2020

Mexico FX to stay on...

Mexico's peso is seen vulnerable to further slumps with the U.S. election campaign in focus after ending...

17
Feb2020

Spanish court keeps former Mexican...

MADRID, Spain (AP) — A Spanish court ruled Thursday that a former head of Mexico's state oil...

15
Jan2020

Mexican bank Banorte inks deal...

MEXICO CITY (Reuters) - Mexican bank Grupo Financiero Banorte said on Sunday it had signed an agreement...

09
Jan2020

Mexican auto exports post first...

MEXICO CITY (Reuters) - Mexican auto exports posted their first decline in a decade last year, while...

18
Dec2019

Mexico Raises Minimum Wage by...

MEXICO CITY — Mexico raised its national minimum wage 20% Monday, but it still doesn't amount to...

12
Dec2019

Mexican businesses focus on labor...

MEXICO CITY/WASHINGTON (Reuters) - Mexican business leaders on Wednesday began poring over texts of a new stricter...

27
Nov2019

Mexico to spend $44 billion...

MEXICO CITY (Reuters) - Mexico's government on Tuesday announced the first phase of an ambitious infrastructure plan...

19
Nov2019

Jorge Vergara, billionaire owner of...

Jorge Vergara, the billionaire owner of the Mexican soccer club Chivas, died Friday after suffering a heart...

«
»