15 Jun 20

Latin America auto production starting to wake up

Automobile production in Latin America was up in May but the region still has a long way to go to reach any type of normality.

In May, some 43,000 cars were manufactured in Brazil and 22,000 in Mexico, down 84% and 94% respectively year-over-year. Meanwhile, approximately 4,000 cars were built that month in Latin America's third largest automobile manufacturing country, Argentina.

As many OEMs in the countries have scheduled factory re-openings from late May to early June, production will slowly get back on its feet. However, productivity in all three countries should be significantly lower than 2019.

Authored by: Daniel Bland