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Mexico Automotive Sector

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Mexico is currently eleventh in the world in automotive production and by 2011 will rank fifth, competing with stronger economies such as India, United States, China and Slovakia. In a report, PricewaterhouseCoopers affirms that this competition must have a sustained growth by the U.S. companies in the sector, and that they must use with better efficiency, the supplies, trade agreements, geography and customs benefits provided by Mexican government.

 

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Mexico Automotive Industry

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The automotive industry continued to be the largest and fastest growing manufacturing sector in Mexico during 2005 and 2006. In late 2005 and early 2006, Mexico emerged with positive and encouraging results in the North American automobile industry. Mexico is rapidly becoming a more important strategic partner for automakers who want a competitive edge to succeed in the North American auto industry. In 2001, Mexico was the ninth largest producer of automotive vehicles in the world, manufacturing 1.92 million units (including trucks and busses). In 2004, production decreased to 1.5 million vehicles due to an economic slowdown. However, it grew to 1.6 million in 2005 and is expected to grow to over 2.1 million in 2006.

 

SEMA Members may get this content for free!

Regular Price:

$19.95

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