Mexico’s car exports rose 1.3% year-on-year to 300,475 units in August 2026, following a 9.7% decline in July. Export volumes increased most at BMW Group, up 31.4%, followed by General Motors at 16.8% and Stellantis at 15%. Shipments fell sharply at Mercedes-Benz, down 95.3%, Ford Motor, down 41.3%, and Mazda, down 25.2%. The sector remains exposed to US trade policy because 76.3% of Mexico’s auto shipments are destined for the United States. US President Trump, in his second term, imposed tariffs on multiple countries, including Mexico. The Trump administration also decided not to renew the USMCA, although the agreement will remain in force for another decade unless a member withdraws. Annual reviews could lead to significant changes, while the United States and Mexico continue bilateral trade negotiations.