The automotive manufacturing industry in Mexico has played a crucial role in the economy over the past decade, attracting some of the world’s largest assemblers, including Fiat Chrysler, Ford, GM, and Toyota to name a few. Mexico is also South America’s largest automotive manufacturer, with an annual production of close to 4,000,000 units. It is estimated that 82% of these units are exported.
At the most recent Automotive Logistics Mexico conference, the executive president of the Asociación Mexicana de la Industria Automotriz (AMIA), Eduardo Solis, reported that the automotive manufacturing industry had been “growing significantly,” as it now represents 20.2% of the nation’s GDP, second only to the food industry at 20.7%. Furthermore, Solis claimed that net revenue for the Mexican automotive industry is set to surpass $100 billion.