The automotive industry in Mexico is growing at a tremendous pace due to significant demand. The output for vehicles in Mexico has reached a record figure of 2.85 million vehicles,
auto parts manufacturers employ 989,000 as verified by the Mexican Automobile Industry Association (AMIA). This has boosted Mexico's economy with the revenue earned by this sector far exceeding the revenue earned from the export of crude oil or tourism.
The first two quarters of 2017 alone have shown an 8.9% increase in car production with companies turning out 1,051,725 cars. Light truck production has increased by 18.7%, producing 832,590 the first 6 months of 2017 according to the AMIA. The Automotive Industry in Mexico is listed in the top ten largest exporters of the world. In 2008 this industry was the largest supplier of auto parts to the US. By 2020, sales are expected to reach $120 billion dollars.