Truck shipments made in Mexico decreased 19.3% during October, with 11,677 units exported, after 14,470 trucks were shipped in the same month of 2023, INEGI reported on Monday.
Exports of heavy vehicles in Mexico showed a double-digit drop last October, as reflected in truck production, due to the uncertainty faced by the market following the decision of the presidential election in the United States. Although the domestic market compensates for the units, the decrease in production is not “that deep.”
Truck shipments made in Mexico decreased 19.3% during October, with 11,677 units exported, after 14,470 trucks were shipped in the same month of 2023, INEGI reported on Monday.
Truck production decreased 7.8% during the tenth month, where the Mexican industry manufactured 17,302 vehicles, which contrasts with the 18,756 units in the same month of 2023.
AMDA noted that the domestic market has offset the drop in exports, as it shows dynamism. Retail truck sales grew 18% compared to October 2023, and it was the highest month in sales since 2018.
Companies sold 5,521 units during the tenth month compared to 4,686 trucks in 2023.
According to data from the National Association of Bus, Truck and Tractor Producers (ANPACT), exports to the United States - Mexico's main sales market - contracted 19.4% during October, with 11,261 units shipped compared to 13,970 trucks in the same month in 2023.
Guillermo Rosales, president of the Mexican Association of Automobile Distributors, said that truck sales in the United States showed a drop of 24,000 units during the period from January to September, which reflects the impact on the Mexican industry.
Truck production shows a 4% decrease in the period from January to October, with a total of 179,398 heavy vehicles, after 186,830 units were manufactured in the same period in 2023, considered one of the record years.
While exports decreased by 9.1% during the first 10 months of the year, sending 135,534 units to the world compared to 149,066 trucks in the same period in 2023.
However, Virginia Olalde, director of foreign trade at ANPACT, anticipated that the heavy vehicle industry in Mexico will be reactivated once the US election is decided, although it will be necessary to wait for the definition of the policies determined by Donald Trump.
