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Weekly Roundups

The Week in Automotive: Efforts to Improve the Sector’s Development

By Miriam Bello | Fri, 01/10/2020 - 12:42

Mexico´s automotive sector has to get over many crises that came with 2019. Closing numbers were not very positive for the industry, but a positive panorama fueled by USMCA can make the difference for this 2020.

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After 12 years, Eduardo Solis will leave AMIA on January 16. Fausto Cuevas, Director General, will be in charge until a new president is appointed.

NATIONAL

Given the Mexican economic instability of these past few months, the country faced an decrease in cars exports for the first time in 10 years.

Car sales fell for the third year in a row in 2019. The loss was around 3.8 percent compared to 2018 results. 

Jeep to present their new 4xe line this 2020. This will be a plug-in hybrid line, which is a step forward to a cleaner future.

Toyota foresees 100,000 Tacomas to be produced in Guanajuato.

Due to the car exports decrease, production in Mexico is also decreasing. According to Kantar Worldpanel, the scenario for 2020 will not be better than last year’s.

The sector calls for credits and fiscal stimuli to get over this rough patch.

Vehicle leasing has had an average 21 percent annual growth in Mexico.

INTERNATIONAL

Toyota announces plans for the creation of an intelligent city in which they will test autonomous vehicles, smart technology and robot-assisted life.

In order to decrease expenditure, firms like General Motors, Ford and Nissan will continue laying off workers until 2025.

The automotive sector is supposed to be a winner with the changes in USMCA.

Miriam Bello Miriam Bello Journalist and Industry Analyst