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Mexico

The automotive industry in Mexico has been growing each year since 2009, but 2017 was the first year sales decreased. Although retail and fleet sales declined, Mexican automotive industry continues to post strong export sales.

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Hyundai Reorganizes Global Operations

Hyundai is establishing regional headquarters in the North America, Europe, and India regions in an effort to spur sustainable growth and enhance innovation.

Sofico Opens Office In Mexico

Sofico opened an office in Mexico as a means to better serve its customers in Central America with its services in financing, leasing, and fleet software.

Talks to Revamp NAFTA Slated to Begin This Week

Trucking and logistics interests are keeping a close eye on talks to revamp the North American Free Trade Agreement begin this week – particularly those involved in the automotive industry.

Ford to Source Next-Gen Focus From China

Ford is shifting production of its next-generation 2019 Focus compact car to China from Mexico, and will invest $900 million in its Kentucky Truck Plant to expand production for the new Expedition and Lincoln Navigator, Ford has announced.

FCA Mexico Sales Up 9%

On March 1, FCA México reported February sales of 8,059 units, up 9% versus 2016; best February since 2010.

BP First International Oil Company to Enter Mexico Retail Market

Mexico is the sixth-largest consumer gasoline and diesel market globally and BP is the first international oil company to enter the market, following deregulation, which was previously only served by Petróleos Mexicanos (PEMEX), the Mexican state-owned petroleum company.

Blog: Model-Year Versus Calendar-Year Terminology

One challenge to global fleet management is adjusting to different fleet terminology for different regions. One example is the difference between the use of “model-year” and “calendar-year” in describing the year of a fleet vehicle.