Automotive industry shows recovery in second semester

Derived from the situation faced by COVID-19 and the impact it had on the automotive industry in the first part of the year, it is estimated that production in 2020 will be at levels of 14 million units, while in 2019 that range was close to 16.3 million.

In 2019, the United States produced 10.59 million units, Mexico stood at 3.9 million, while Canada produced 1.8 million vehicles, according to an analysis by Deloitte.

The recovery of the automotive industry in the last quarter of the year will be evident and this will have a favorable impact on the auto parts sector, expecting that by 2021 the North American region will once again reach levels of 16 million and by 2022 the levels of 16.5 million.

The automotive map highlights three main regions: Asia, Europe and North America, “that is why it is important that we see ourselves as an integrated area where there are regional supplies,” said the executive president of the National Auto Parts Industry.

The manager highlighted the relevance of the automotive industry on the map of Mexico’s economic recovery. In 2019, according to Deloitte data, the automotive industry contributed 3% of the Gross Domestic Product (GDP), 16% of the Manufacturing GDP, it was 7 The world’s automotive producer of light vehicles, the 3rd largest exporter of vehicles, 4th largest exporter of auto parts and in terms of Foreign Direct Investment (FDI) contributed 20 percent.

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