Mexico's Heavy Truck Production Plunges 50% Amid Weakening Demand

Key Facts

1Mexico's heavy-vehicle production fell by 49.1% in February 2026 compared to the previous year.

2Exports dropped by 32% year-over-year, with only 7,849 units shipped abroad.

3The Mexican domestic market has recorded 14 consecutive months of contraction in truck sales.

Mexico's heavy-vehicle manufacturing sector faced a severe downturn in February 2026, with production plummeting by 49.1% compared to the previous year. Data from INEGI reveals that exports also suffered a significant blow, dropping 32% year-over-year to just 7,849 units shipped abroad. This slump is primarily driven by softening freight demand in North America and a decision by U.S. carriers to delay fleet upgrades. Domestically, the situation remains grim as the Mexican market recorded its 14th consecutive month of sales contraction according to AMDA. Analysts suggest that the cooling trade cycle and industrial weakness could exert further pressure on the Mexican Peso (MXN) and related industrial equities. The sharp decline underscores broader economic challenges facing Mexico's core export-oriented sectors in the current trade environment.