Domestic auto sales soar, while exports slump

Automotive News – Mexico, with the second-largest economy in Latin America and more than 110 million people, at times was lucky to sell a million new vehicles a year locally while it exported twice that number. With sales sometimes running lower than they were 10 years earlier, economists spoke of a “lost decade.”

Now, the narrative has flipped. With signs of a plateau in new-vehicle sales in the U.S., Mexico’s auto exports were down more than 5 percent in the first half of the year, according to industry data.

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