Mexican auto exports slump in September as US tariffs take toll
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Mexico’s auto exports fell 12% in September, marking the biggest slump this year.
- ✓Data from INEGI showed that US tariff policies hit the sector hard.
- ✓Janneth Quiroz from Monex said, "This has generated greater uncertainty for carmakers and it has affected production and export decisions." Domestic sales grew by 8%.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Reuters
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
MEXICO CITY, Oct 8 (Reuters) - Mexico's auto exports posted their biggest slump so far this year, data from statistics office INEGI showed on Wednesday, a decline analysts attributed to tariff policies from the US, the biggest market for the Latin American country's top industrial sector.
Mexico auto exports fell 12% in September compared to a year earlier, the steepest decline since December 2025, while monthly output slumped 15%. Domestic sales, however, increased 8%, helping buffer the pain for the key manufacturing industry.
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The data comes as government officials review the US-Mexico-Canada free trade pact, but even with talks continuing, Mexican cars still face tariffs of 25%. Mexican officials estimate that complying with rules that stipulate using North American-sourced parts brings the burden down to 10% to 12%.
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Reuters
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