Mexico Autos Q1 2019
Vehicle sales in Mexico remained in negative territory in 2018 as the industry was hindered by rising fuel prices, higherinterest rates and weaker disposable income growth. We expect the situation will improve on the back of the AMLO victory in theJuly presidential vote, settlement of the new USMCA terms, improving confidence levels, as well as growth in the economy. This willlikely bring an end to fiscal austerity, providing some much-needed support for vehicle sales in 2019 onwards.
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