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.
|Mexico’s Motorcycle Market Experiencing the Best of Times|
The eight motorcycle manufacturers affiliated with the Mexican Automotive Industry Association (AMIA), which include BMW, BRP, Carabela, Harley-Davidson, Honda, Keeway, Suzuki and Yamaha, together sold 32,792 units during the first quarter of 2012, representing a 51.7% increase over last year, when only 21,614 motorcycles were sold. Fausto Cuevas, executive director of the AMIA, believes the market will continue to demonstrate good performance based on statistics from 2011, which show sales of 108,715 motorcycles, which is almost double sales from 2010 (66,313 units). Sales almost topped numbers from 2007, the highest on record, when 109,990 cycles were sold. Based on the AMIA’s motorcycle division report, in just March 12,270 units were sold, representing a 60.46% increase over the same period last year when 7,647 cycles were sold in the domestic market. In regard to the health of the broader motorcycle market, during the past month total inventory of 26,676 units showed a slight decrease in 0.85% over numbers from March, 2011. In the first quarter, 107,619 motorcycles were held in inventory, a 25.57% increase over the 85,703 in inventory for the same period last year. Such increases in inventory come in large part from the importation of new units. During the first five months of2012, 54,978 motorcycles have been imported into Mexico, with 81.5% of such coming from China, 7.4% from India and 3.9% from the United States.