Mexico Autos Q1 2021
We expect total vehicle sales to rebound to 1.9% growth in 2021, following an forecasted 32.7% contraction in 2020. Wecaution that this growth comes from a low-base and units sold will not reach pre-pandemic volumes. The Covid-19 pandemic willcontinue to weigh on consumer and business confidence in H121. We expect this to continue to translate into dampened demandacross vehicle segments in over the coming quarters.
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