Mexican auto industry profiled

By: 
September 14, 2009

The Mexican Supplier Report from Supplier Business (Stamford, UK) provides detailed analysis of the country's automotive industry, including industry growth drivers, automotive clusters and competitiveness, and emergence of other low-cost countries. Also included are detailed profiles of over 75 key suppliers in Mexico. The 380-page report is available in PDF format at $1615.

One of the largest contributors to Mexico’s national economy has been the automotive industry. According to Banamex (Banco Nacional de Mexico), in 2008, nearly 4% of the national GDP came from the automotive industry, while it contributed 16% to manufacturing GDP. In 2008, the automotive industry was the only manufacturing activity in the country that saw double-digit growth. Furthermore, it generated 20% of total manufacturing exports.

Simultaneously, the industry has created job opportunities for almost a million people in the country, accounting for 13.5% of total industrial employment. Nearly 55,000 people are employed with the OEMs and 433,000 in the auto component production sector.

One million vehicles are sold annually in Mexico, and the market is flooded with close to 40 brands and more than 300 different car models, including those domestically produced and imported from outside markets. [email protected]

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