The automotive market in Mexico experienced significant growth in 2015, posting a double digit increase, and is continuing its upward swing into 2016, thanks, in part, to NAFTA and other trade agreements that have triggered international investment to build factories to export or sell vehicles in the local market.
In an in-depth Q&A, featured in Automotive Fleet’s ongoing series of global fleet and automotive market conditions, Editor Mike Antich discusses the ups and downs of the Mexican automotive market with Francisco Garza, GM Mexico vice president, vehicle sales, service, and marketing (VSSM) for Mexico, Central America, and Caribbean countries.
Among the highlights of the article, which is available here, is an overview of which vehicle segments are experiencing growth, the impact of the depreciation of the peso against the U.S. dollar, and how the increase of automotive production in Mexico is affecting the country’s infrastructure.
The report on the Mexican automotive market is included in the upcoming Special Report: Global Fleet Market Conditions Q3 2016, which was produced by the staff of Automotive Fleet with the support of General Motors. Each report focuses on several global regions, drilling down into the economic, cultural, and political conditions fueling their individual fleet and automotive markets. The Q3 report also includes a detailed overview of the major South American automotive markets.