Apr 26, 2018 | Educational, News
The webinar for Overview of the Automotive Sector in Mexico took place on March 26, 2018! The automotive sector in Mexico, aftermarkets parts overview, and PAACE Automechanika Trade Show, which Temel Gaskets is also one of the attendances of the fair for many years, has been discussed in the webinar sections. This webinar was a great opportunity to learn about the massive opportunities available on automotive sector in Mexico and PAACE trade Show. Victor Tapia from Temel Gaskets heard from the experts on this dynamic market for the automotive sector: Monica Martinez – Commercial Specialist, U.S. Embassy – Mexico City Alejandro Calderon – President of the Mexican Association of Spare Parts Distributors Mexico is the 5th Largest Producer in the World In the first block of the webinar, Monica Martinez, a commercial specialist at the U.S. Embassy in Mexico City, explains the importance of the automotive sector in Mexico. There are currently 12 foreign light passenger vehicle manufacturers, which produce 500 models in 20 different facilities. On the other hand, there are 9 heavy duty truck automakers producing more than 100 models in 12 different plants across the country. In 2017, 3.9 million cars produced. This number is expected to increase to 5 million by 2020, positioning the country as the 5th largest producer in the world. While the demand for new vehicles in the domestic market is low, it is expected to increase in the next couple years. Last year, 75% of new units were exported to the US and Canada alone. Other important commercial partners in Latin America such as Chile and Peru imported close to 8%. The...
