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Heavy vehicle production hikes 28%; exports rise 29%

Friday, 25th of January 2019

Last November, production of heavy vehicles in Mexico totaled 15,740 units, an increase of 28.3% compared to the same period of the previous year, reported the National Association of Producers of Buses, Trucks and Tractor Trucks (ANPACT for its acronym in Spanish).

The organization noted that total production in the first 11 months of 2018 was 162,467 units, a figure that when compared with the 141,472 manufactured in the same period of 2017, results in a 14.8% increase.

However, when comparing the most recent data with figures of 2015, the record year for the heavy-vehicle manufacturing industry, results in a decrease of 15,888 units or 8.9%.

In November 2018, according to data from the National Institute of Statistics and Geography (INEGI), 12,393 units were exported, an increase of 29% compared to the same month of 2017, while the cumulative exports from January to November of 2018 increased 28.7%, reaching a total of 135,823 units.

The executive president of the ANPACT, Miguel Elizalde, commented that these figures confirm the leadership of Mexico in this industry, however, he said, “we are still below what was achieved in 2015, which implies that we still have the potential to grow”.

In this regard, he stressed that the industry produces heavy vehicles that meet the most demanding international standards, so it is time for Mexicans to experience the benefits of a modern fleet.

He added that 56% of the cargo and 96% of the passage in Mexico are moved by motor transport. “The health of our logistics chains and the development of regional economies depend directly on the quality of the fleet. A new bus or truck means better access to schools, hospitals, work centers, a better supply of goods for the communities,” he said.

“Investing in transportation means investing in the economic development. A modern fleet enhances the capabilities of the economy, so we must bet on the national economy with the creation of financing and professionalization schemes,” added the executive.

Source: Mexico Now; https://mexico-now.com/index.php/article/5040-heavy-vehicle-production-hikes-28-exports-rise-29 (06/02/19)

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