Mexico Automotive Review - Mexico Automotive Review 2017

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Despite grim projections for the Mexican automotive industry at the end of 2016, the sector remains in good shape, slower perhaps but on track for greater growth. Even after a couple of months of uncertainty, the sector has maintained its position as one of the top drivers of the national economy. The world’s seventh-largest light vehicle manufacturer and third-largest exporter, Mexico has a strong opportunity to keep climbing the ranks and to overtake India as the sixth-largest manufacturer by 2018.

Mexico Automotive Review Magazine Description:

The Mexican automotive industry rode a roller-coaster in 2016. While sales numbers soared beyond all-time records, the macroeconomic landscape hit manufacturing and exporting operations. New investments brought by KIA and Audi in the second half of the year barely countered the impact of low oil prices and currency volatility that led to production cuts. Despite the ride, the country held its position as the seventh-largest vehicle manufacturer and the fourth most important exporter. As Mexico moves toward a production goal of 5 million vehicles by 2020, boosting the nation’s advantages becomes more important than ever. With further investments to come, there is a need for better infrastructure and more efficient manufacturing processes. The introduction of the TPP agreement will bring new business opportunities but it will also require the country to increase its competitiveness against other manufacturing hubs. Mexico is destined to strengthen its position in the global automotive supply chain based on a highly skilled workforce, experienced and skilled auto parts suppliers and a stable environment. Mexico Automotive Review provides necessary insight on the industry’s evolution, providing indepth perspectives from the leaders and key stakeholders shaping the sector.