Mexico's March Auto Production Down 32% To 102,720 Units
April 14 2009 - 12:00PM
Dow Jones News
Mexican auto production, exports and new car sales fell sharply
in March, although the declines were less drastic than those
registered in the first two months of the year.
The Mexican Auto Industry Association, or AMIA, said Tuesday
that production fell 32% to 102,720 units, compared with
year-on-year declines of 51% in January and 38% in February.
Exports last month were down 21% from March 2008 at 101,831
units, a marked improvement over 57% drop in January and 45% drop
in February.
The decline in domestic new car sales also eased from the
previous two months, falling 20% in March to 64,242 units. Sales
had dropped 29% in February and 28% in January.
-By Paul Kiernan, Dow Jones Newswires; (5255) 5001 5726,
paul.kiernan@dowjones.com