Mexico Automotive Market: Are Cars and trucks Selling More?
Mexico rating since the 10th biggest vehicle producer in the world, which accounts for 17.6% of the production sector and 3% of national GDP. Mexico’s auto elements industry is closely associated for the U.S. business. You can find at present seven manufacturers in Mexico creating 40 brands in 20 production crops. Mexico makes about two million cars and trucks on a yearly basis. Out of this number 79% of production is devoted to exports as well as the remaining 21% for the local market place. The spare components autos seminuevos market is expected to increase after Mexico imposed new duties on the importation of utilized vehicles in 2009. Like a result, repairing and maintenance of utilized automobiles will call for varied parts. In addition, other opportunities exist for U.S. exporters of spare parts and new systems to minimize expenses. Components, equipment and first and second-tier elements from the U.S. might expertise an enhance in exports due to forecasted Mexican manufacturing of new models which have shifted from U.S. meeting plants.
The highest opportunities for automotive venta de autos en mexico aftermarket elements consist of: collision repair elements, catalytic converters, steering wheels, gps methods, sound methods and generally all kinds of accessories. Inside the initial and 2nd tier provide chain sector, the greatest export chances for U.S. firms are basically OEM parts and parts, hybrid vehicle elements, suspension techniques, as well as supplies, pre-assembly components for example little and progressive stampings, electronic components, equipment and specialized tooling.
U.S. elements, component and equipment manufacturers will see increased export product sales as global assembly crops are becoming transferred to Mexico. Involvement in Mexican automotive trade exhibits offers exceptional possibilities to introduce new goods and services in Mexico.
Lately the automotive market reveals a titanic and rapid alter as a result of: dropping sales; new automotive players; concern on raw supplies supply such as steel and oil; amongst other people. United States and Mexico’s economy’s slowdown evolved into dramatic changes inside the automotive market by forcing automakers located in Mexico to reduce their production capacity like a measure to avoid overproduction due towards the supply and demand adjustments.
All these proceedings modified trends around the automobiles; which will reflect smaller sizes and reduce oil consumption. Consequently, all these factors may well generate decent company opportunities to U.S. exporters of spare components, tools and new technologies oriented to cut back costs and time.
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