Monday 20 May 2013
Mexico City.- Mexico has already outdone Canada as the second producer of light vehicles in North America, only after the United States; and by 2020 it will consolidate such position with 24% of regional production, against 10.3% for Canada. According to forecasts by IHS Consultants Firm, within eight years 18 million units will be assembled in this zone, of which 4 million will be manufactured in Mexico and 1.8 million in Canada.
The report “Global Light Vehicle Outlook”, prepared by IHS, explains that between 2008 and 2012 the production gap in the region has closed between both countries, and production is currently around 17% in each of those 2 countries, while the United States concentrates the rest.
However, the trend shows that Mexico is posting growth while production in Canada has dropped.
Guido Vildozo, Director, IHS Automotive, explained that while Mexico manufactured around 2 million 470 thousand light vehicles in 2011, Canada manufactured close to 2 million. He further said that as of last year, investment in the automotive sector has intensified, thanks to the specialization offered by Mexico in production related to this industry, as well as with the arrival of four new plants of several assemblers, which will provide considerable impulse to the sector.
In addition, Mexico is benefited by the trend to buy smaller cars, with lower fuel consumption, an area where neither the United States nor Canada are as competent to produce.
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