"Mexico Autos Report Q3 2015" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Mon Jun 01 2015


BMI forecasts 8.0% growth in vehicle sales in Mexico in 2015 on the back of a 6.5% increase in passenger car sales and 11.0% growth in the commercial vehicle segment. We also forecast production growth to accelerate, growing 7.2% over the year, spurred on by 6.3%, 8.8%, and 5.4% increases in the passenger car, light commercial vehicle (LCV) and heavy truck segments, respectively.

Household spending has continued to grow in recent quarters indicating that private consumption has fully recovered from the shock effect of tax rises in early 2014. Consumer confidence and purchasing power will also be boosted by growing employment created by a resurgence in manufacturing activity and recovery in the country's construction sector.

Full Report Details at
- http://www.fastmr.com/prod/1004009_mexico_autos_report_q3_2015.aspx?afid=302

Owing to this, we see growth in passenger car sales remaining elevated at 6.5% in 2015, averaging 5.1% a year through to 2018. LCV sales, including sport utility vehicles (SUVs) and multi-purpose vehicles (MPVs), will also continue growing in 2015. Owing to the SUV and pick-up sub-segments, LCV growth in Mexico during 2014 mirrored the resurgence in consumer confidence and uptick in consumer demand for new vehicles. We believe this will continue through 2015 and forecast sales to expand 11.0% over the year.

Sales of heavy trucks will return to strong growth in 2015 as the market shakes off the effects of oversupply in 2013. Owing to low base effects of low sales during H114, sales will expand in H115 and will remain in positive territory over the remainder of the year as activity in the country's manufacturing and construction industries expands. We forecast heavy truck purchases to increase by 6.0% over the year.

Going into 2015 and beyond, we also expect light vehicle production to build on 2014's success and to increase further as US demand for Mexican exports increases and new productive investments are ramped up and brought online. Ongoing momentum in the domestic vehicle markets, as outlined in the sales section above, will also provide...

BMI forecasts 8.0% growth in vehicle sales in Mexico in 2015 on the back of a 6.5% increase in passenger car sales and 11.0% growth in the commercial vehicle segment. We also forecast production growth to accelerate, growing 7.2% over the year, spurred on by 6.3%, 8.8%, and 5.4% increases in the passenger car, light commercial vehicle (LCV) and heavy truck segments, respectively.

Household spending has continued to grow in recent quarters indicating that private consumption has fully recovered from the shock effect of tax rises in early 2014. Consumer confidence and purchasing power will also be boosted by growing employment created by a resurgence in manufacturing activity and recovery in the country's construction sector.

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