Tuesday, April 16, 2024

Logo Central America Link

Mexico auto industry emerges from lost decade

Tuesday, July 19, 2016

Month after month, for years, the story was the same at the joint news conference held by the Mexican auto industry association and the dealers' association.  Auto production had reached another record high. Exports were off the charts, and investment was pouring in.

Now, the narrative has flipped. With signs of a plateau in new-vehicle sales in the U.S., Mexico's auto exports were down more than 5 percent in the first half of the year, according to industry data.

Source: Automotive News