Mexico Autos Q4 2019
Key View :
We forecast passenger vehicle sales to contract by 10.9% in 2019, accompanied by a 2.1% growth in commercial vehiclesales, due to rising fuel prices, higher interest rates, and weaker disposable income growth since the population is highly leveraged.However, we expect the situation to improve under the new president, Andrés Manuel López Obrador, who promotes risingminimum wages and pension reform. We also expect upcoming free trade agreements with US-Canada and Mercosur bloc to aidthe automotive industry. This will likely bring an end to fiscal austerity, providing some much-needed support for vehicle sales in2019 onwards.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook