MEXICO CITY (Jan. 20, 2011)—Production of auto parts for the original equipment and aftermarkets in Mexico totaled $60 billion in 2010, 45 percent above 2009's $41.3 billion, according to the executive president of the country's auto suppliers association, INA.
The sector's prospects for 2011 are less rosy “because, according to our figures, light vehicle production in Mexico could drop by 4 percent,” said Agustin Rios Matence of the Industria Nacional de Autopartes AC, known as INA.
In 2010 Mexico's automotive industry assembled 2,260,776 light vehicles, a 50-percent rise from the 2009 figure, according to the manufacturers group Asociacion Mexicana de la Industria Automotriz AC, or AMIA.
“We shall have to wait and see how the economy of the U.S., which imports most of our components and finished vehicles, behaves,” Rios told journalists in Mexico City.
According to AMIA, Mexico exported 1,277,184 new light vehicles to the U.S. in 2010, 68.7 percent of the total of 1,859,517 light vehicles exported by Mexico last year. The number of exported vehicles to the U.S. represented a 45.3 percent increase on 2009's 878,742.