Mexico's Auto Production, Exports Down Sharply In February
10 März 2009 - 4:47PM
Dow Jones News
Mexico's auto production and exports slumped for a second
straight month in February as the industry continued to feel the
effects of declining demand in key markets.
The Mexican Auto Industry Association said production last month
fell 38% from February 2008 to 107,547 units, following a 51%
year-on-year drop in January.
Exports in February were down 45% to 77,833 units, after falling
57% in January.
Mexican auto makers continued to suffer from falling demand in
the U.S., Europe and in the domestic market.
Domestic new car sales in February fell 29% from the year-ago
month to 61,578 units, after falling 28% in January.
-By Paul Kiernan, Dow Jones Newswires; (5255) 5001 5726;
paul.kiernan@dowjones.com