Mexico is ideally positioned like a manufacturing hub for cars and elements. Mexico has 1 of the biggest trade contract networks, only topped by Chile. Via NAFTA, the access towards the North American marketplace are much simpler, also not yet completely free of charge of restrictions and duties. In about 10 many years time, however, free of charge trade will turn out to be reality.

Via an agreement using the E.U., Mexcio can also be able to provide to European countries on preferential terms. Investments from U.S. and E.U. companies in Mexico today can be made without any limitations. The automotive industry in Mexico is very well developed so that is no problem in finding qualified labour. With typical wages of 581 USD, price of labour continues to be low.

In total, the vehicle market and particularly the aftermarket are attractive due to its size and its growth potential, respectively. Mexico is also appealing like a manufacturing hub to provide North America, Europe or Latin America. In this element, Mexico is 1 of the primary competitiors of the Asian nations.

The major risk in Mexico is the dependency on the U.S. economic climate. While this has been decreased in current years, there is still a powerful connection in between the two economies. With the U.S. economy slowing down, this will also have an effect on Mexico’s buyers.

Although Mexican autos need looks set for a good growth in 2010, any expectation that need in domestic recuperation is most likely to become swift will obtain a blow, thanks to some number of regulatory and economic elements which will act like a deterrent to development throughout the forecast period. While the Mexican autos business association AMIA has called for that federal government to introduce regulations and incentives to encourage new automobile sales, BMI stresses that enhanced autos financing provides the best possible assistance for recovery within the country’s autos demand.

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