Brazil, Argentina quotas hurt Mexican auto exports

Mexican automobile exports to Latin America fell by 56.2% in January this year compared with the same month in 2012, to 14,182 units, according to domestic automotive association Amia.

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“This decrease is a result of the implementation of export quotas to Brazil and Argentina, the main markets of our sales in South America,” Amia said.

Exports to Brazil fell by 88.2% to 2,128 units, while exports to Argentina dropped by 45.8% to 2,460 units, Amia reported.

Sales to the USA, however, increased by 31.5%, reaching 128,961 units, while those to Canada showed an increase of 16% to 11,921 vehicles.

Exports to Africa reached 2,841 units, 403.7% more than in the same month in 2012, while sales to Asia rose by 227% to 4,366 units.

Total exports increased by 14.2% in January to 178,562 units.