Mexican car and truck production totaled 119,122 units in February, an increase of 3.7% from 116,241 vehicles made in like-1998 (see data p.6). But production for export, up 17.1% (88,862 vs. 89,028), continues to buoy overall figures. Outturn for the domestic market dropped 22.4% (30,260 vs. 39,000) from year-ago totals — the third decrease in the last four months — likely due to the full return of the new vehicle tax. Waived by the Mexican government in 1996 due to the peso's crash, the ...
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