Covering the Industry's Economic, Legal & Financial Issues
MexicanAutomotive covers the Mexican automotive and auto parts industries, and is published monthly in English and Spanish. MexicanAutomotive reports on general Mexican automotive industry topics, as well as economic, financial and legal issues affecting the North American automotive industry. Published by Cacheaux, Cavazos & Newton (CCN), subscriptions to MexicanAutomotive are free. CCN is an international law firm with offices in Texas and Mexico. The firm provides legal services in many practice areas including Automotive law to clients doing business in the NAFTA region.
|Production of Lightweight Vehicles Reaches Record Levels in 2011|
Eduardo Solís Sánchez, president of the Mexican Automotive Industry Association (AMIA), indicated that the industry surpassed expectations by totaling 2,577,550 vehicles assembled in Mexico, 15.3% more than in 2010. He noted that this historic level of production was marked by exportations that totaled 2,143,879 units sold in foreign markets, which signify a 15.3% increase from 2010. In the last month of 2011, production grew by 5.0%, compared to the same period in 2010, reaching 180,163 units. This was the best performance in December in the history of the industry in Mexico. As far as exports, he mentioned that such grew by 16.1% in December 2011 compared to December 2010 by reaching 171,319 manufactured units. If accumulated volumes are compared for the period from January – December 2011 to those of 2010 and in accordance with product destination, the United States bought 1,362,425 units from Mexico signifying a 6.7% increase. The United States remains the principal destination of Mexican automotive exports receiving 63.5% of total exports, although less than the 68.7% recorded in 2010. As far as cumulative domestic sales, the representative of the association informed that such in-country sales increased by 10.4% compared to 2010 with the sale of 905,886 units as of December 2011.