Mexico Autos Report - Business Monitor International - Industry Reports

Mexico Autos Report

Mexico Autos Report - Business Monitor International - Industry Reports
Mexico Autos Report
Published Aug 27, 2016
48 pages — Published Aug 27, 2016
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Abstract:

We are revising up our sales growth forecast for Mexico in ---- to a --.- expansion up from -.- previously. We believe Mexico s ---- market expansion will be predominantly consumer-driven as auto loan uptake increases and more consumers are drawn into the new car market due to more attractive and more easily available auto loans and a constricted supply of used cars. ...We are revising up our sales growth forecast for Mexico in ---- to a --.- expansion up from -.- previously. We believe Mexico s ---- market expansion will be predominantly consumer-driven as auto loan uptake increases and more consumers are drawn into the new car market due to more attractive and more easily available auto loans and a constricted supply of used cars. More specifically, we forecast the passenger car segment to grow at a forecasted -- , outperforming the commercial segment, which we forecast to expand by --.- . ...In ----, we expect heavy commercial vehicle sales to outperform other segments as fleet operators rush to buy vehicles before new emissions standards are introduced requiring vehicles to be either Euro VI or EPA ---- compliant. From ---- to ----, we anticipate vehicle sales to average annual

...By restricting supplies of cheaper used cars, trade restrictions on used imported vehicles will continue to bolster new vehicle sales in ---- and keep volumes higher than historic levels for the remainder of our five year forecast period of ---------. In an effort to limit the inflow of used vehicles with excessive emissions, to manage congestion in Mexico s major cities and to boost new car sales, the government has been tightening its control over used vehicle imports since ----. ...By restricting supplies of cheaper used cars, trade restrictions on used imported vehicles will continue to bolster new vehicle sales in ---- and keep volumes higher than historic levels for the remainder of our five year forecast period of ---------. In an effort to limit the inflow of used vehicles with excessive emissions, to manage congestion in Mexico s major cities and to boost new car sales, the government has been tightening its control over used vehicle imports since ----. It now imposes model year and age limits on imported vehicles and has cracked down on used vehicle importers who sidestep the compulsory -- import duty on pre-owned vehicles. ...It now imposes model year and age limits on imported vehicles and has cracked down on used vehicle importers who sidestep the compulsory -- import duty on pre-owned vehicles. In particular, many court injunctions permitting duty-free imports for used car dealers have now been overturned, while emissions tests and border checks for export certifications have been ramped up.

...Passenger car segment to outperform despite the Bank of Mexico beginning an interest rate hiking cycle, given private consumption growth and better household access to finance following financial reforms and increasing formalisation of the labour market. The risk of the government stalling on its introduction of Euro VI regulations for heavy commercial vehicles is increasing the downside risks to our ---- heavy truck and bus sales forecasts. ...

  
Source:
Document ID
1749-0049
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Mexico Autos Report" Aug 27, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Mexico-Autos-Report-2026-353>
  
APA:
Business Monitor International - Industry Reports. (2016). Mexico Autos Report Aug 27, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Mexico-Autos-Report-2026-353>
  
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