This is an excerpt from the 2019 edition of Mexico Automotive Review. Don’t miss the opportunity to get the latest insights from key automotive players. Register now to get your tickets for Mexico Automotive Summit on October 2, 2019! Fernando Enciso is Director Mexico of Grupo Surma. Grupo Surman is a Mexican dealership group focused on new and [...]

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Light-vehicle production and exports sank to their lowest level since 2009. However, the road might be clear ahead. Read more! Photo by BMW Mexico’s automotive industry is braving troubled waters. August 2019 was the worst August for production and exports since 2009. Meanwhile, credit for new vehicles accumulated two years of negative growth. Alarms are [...]

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This is an excerpt from the 2019 edition of Mexico Automotive Review. Don’t miss the opportunity to get the latest insights from key automotive players. Register now to get your tickets for Mexico Automotive Summit on October 2, 2019! Amelie Mossberg is Commercial Director of Motors Classifieds at Mercado Libre México. Mercado Libre is a technology company that [...]

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Even though car sales keep falling, the automotive industry’s contribution to foreign trade is five times more than tourism. President López Obrador’s official annual address has generated trust among the private sector. At the same time, the Center-Bajio-Western alliance, where the automotive industry is most developed, aims to create dry ports to become a cutting-edge [...]

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Mexican exports increased thanks to rising demand for Mexico-made automotive and agribusiness products. According to INEGI, automotive exports increased 12.6 percent in July. Additionally, several players aim high when forecasting their growth in the country. Peugeot hopes to market 10,000 units in 2019 after record-breaking sales in 1H19 and Grupo Flecha Amarilla will invest US$25 [...]

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Mexico’s FDI attraction has taken a hit. According to data from the Ministry of Economy, the country attracted 15.2 percent less FDI in 1H19 compared to 1H18. INA highlighted the situation, saying that in 1Q19 a mere US$115 million were captured in FDI. With falling investment attraction, the sector needs to learn to pick itself [...]

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This is an excerpt from the 2019 edition of Mexico Automotive Review. Don’t miss the opportunity to get the latest insights from key automotive players. Register now to get your tickets for Mexico Automotive Summit on October 2, 2019! Alejandro Veraza is the Managing Country Director of TI Fluid Systems, a UK-US [...]

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Latin America’s FDI attraction increased on a year-to-year basis for the first time in the last five years. Attracted by the force of the region’s manufacturing and services industries, 13.2 percent more FDI reached Latin America in 2018 than in 2017 with Brazil and Mexico taking the lion’s share. The dark side is, Honda will [...]

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This is an excerpt from the 2019 edition of Mexico Automotive Review. Don’t miss the opportunity to get the latest insights from key automotive players. Register now to get your tickets for Mexico Automotive Summit on October 2, 2019! Óscar Albin is the Executive President of the National Auto Parts Industry (INA). [...]

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The Bajio region continues to attract automotive investments. Only last week, German suppliers Kamax and Waldaschaff Automotive started operations in Guanajuato and Canadian supplier Martinrea opened a new manufacturing plant in Queretaro to produce high-precision tooling equipment. Germany has consolidated its position as the fourth largest investor in Guanajuato with a special focus on the [...]

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