Automotive industry, the engine of 2015

With the numbers achieved this year, Mexico is already the seventh largest producer of light vehicles; for the end of the year, this sector represents 3% of gross domestic product. The automotive industry in Mexico closed 2015 with numbers never before seen and pending announcements of investments with the advent of new brands such as Audi, BMW, Mercedes Benz and Infiniti, which will be manufactured in Mexico and distributed to the world. At the end of this year, the automotive industry represents 3% of gross domestic product (GDP) and close with a surplus trade balance by about 50 billion and domestic sales above one million 300 thousand vehicles, and a production of around 3 million 400 thousand vehicles. The advance of industry led Mexico from eighth to seventh in world production of light vehicles; and three of the five automakers in the “Top Five” are located in Mexico, such as levels 1 and 2 in Aguascalientes Nissan Mexicana and Germany’s Volkswagen in Puebla. With the advent of new investments announced since last year in Mexico, the country has positioned itself as an important nation in manufacturing, not only with light units, but from 2017 will compete in the manufacture of luxury vehicles. According to Ward’s Automotive, assembled in Mexico two engines have been recognized in the ranking of the “10 Best Engines” for 2015 of $ 50 billion surplus this leave the industrial sector trade balance. Also, three models assembled in Mexico were located within the “Top 10 best interiors vehicles” published by Ward’s: the Sierra Denali, Mazda 3 2014 2015 Golf GTI.

The latest figures available indicate in terms of capital, 10% of foreign direct investment that Mexico has received comes from this sector, and from 2006 to 2014 is accumulated 23,489.6 million. The president of the Mexican Association of Automotive Industry (AMIA), Eduardo Solis Sanchez, stressed that Mexico has many attractions to offer, so that companies continue to consider it as an investment destination. Among the strengths that have been consolidated for the installation of the automotive sector in Mexico are competitive costs. The experience of Mexico also is taken into account, after the first automotive plant was established in 1921, so the country has a tradition of almost a century in the sector. Also the high quality of the Mexican automotive manufacturing has enabled many automakers choose Mexico as unique manufacturing platform for all of its markets. Also, the extensive network of trade agreements Mexico with more than 40 countries worldwide, making it the main window of exports, according to the industry. 1.3 million new vehicles were placed in the domestic market in 2015. Solis Sanchez he said that not only prints ads for the following year and until 2020, but new investments by global brands for Mexico, which will allow this industry are expected to be remain as the jewel in the crown. According to Ward’s Automotive, two engines assembled in Mexico have been recognized in the ranking “10 Best Engines” for 2015: the 1.8-liter TSI turbocharged Volkswagen, assembled in Silao, Guanajuato, and incorporated into the Jetta, Beetle and Passat and 6.2 liter supercharged OHV Hemi V-8 assembled in Saltillo, and equipped Dodge Charger SRT models Hellcat.

Three models assembled in Mexico were located within the “Top 10 best interiors of vehicles” published by Ward’s, the Sierra Denali assembled in Silao; Mazda 3 2014 assembly in Guanajuato and Puebla 2015 Golf GTI. Recent figures show that 10% of Foreign Direct Investment in Mexico comes from this sector, and from 2006 to 2014 is accumulated 23,489.6 million.

Source: MéxicoXport