Mexico Auto Sales & Production: Winners and Losers

Mexico Auto Sales & Production: Winners and Losers

Karig discusses the overall sales and production climate for the automotive industry in Mexico.

GlobalAutoIndustry.com’s latest Audio Interview “Mexico Auto Sales & Production: Winners and Losers” https://globalautoindustry.com/mexico-auto-sales-and-production-winners-and-losers/ features Thomas Karig.

Karig is a speaker and independent consultant on automotive industry and foreign trade issues, as well as on Governance/ESG system implementation. He teaches Corporate Governance & Integrity at the IESDE School of Management in Puebla, Mexico. Previously, he worked for Volkswagen de Mexico in several management positions for 37 years, and most recently was the VP of Corporate Relations and Compliance Officer.

He was a member of the board of directors of the Mexican Association of the Automotive Industry, the Association of Mexican Truck Manufacturers, as well as the Mexican-German Chamber of Industry and Commerce, the last three years serving as Chairman. Karig sits on the board of directors of companies in the auto parts and real estate sectors.

In the 11-minute audio interview, Karig discusses the following questions:

  • Most auto markets have not recovered fully from the pandemic (except China…). How did car sales in Mexico do in 2023?
  • There are around 40 car brands competing for clients in Mexico today. How are the legacy brands holding up against the newcomers?
  • Mexico has maintained its position as the #7 car producing country. How much dynamism is there in terms of production volumes and investments in production facilities?
  • What can we expect for 2024? What do the 1st Q figures tell us?

Click here to listen to the Audio Interview:

You May Also Like

LKQ to Sell Poland’s Elit Polska to MEKO AB

Elit Polska is a Poland-based distributor of automotive parts, consumables and workshop equipment.

LKQ to Sell Poland’s Elit Polska to MEKO AB

LKQ Corporation announced it has entered into a definitive agreement to sell Elit Polska, a Poland-based distributor of automotive parts, consumables and shop equipment to MEKO AB. As of December 31, 2023, LKQ Corporation owned 26.6% of MEKO AB.

The transaction is expected to be completed during the second half of 2024 and is subject to customary closing conditions and necessary regulatory approvals. Elit Polska’s 2023 revenue was approximately $107 million, according to LKQ.

India Auto Market: Transition from ICE to Smart Mobility

Bhatia discusses what is needed for India to emerge as a globally competitive manufacturing and export base, among other related topics.

India-Auto-Market-Transition-from-ICE-to-Smart-Mobility
MEMA Aftermarket Suppliers to Present at TAYSAD Conference

Philip Atkins will provide insights into the current state and future trends of the automotive and commercial vehicle aftermarket.

MEMA-Aftermarket-Suppliers-to-Present-at-TAYSAD-Conference
DGI, EVage Motors Partner on Electric Drive System in India

They will target the Asian EV market, offering far more efficient electric trucks, resulting in longer life and a reduced cost of ownership for fleet owners, the companies said.

REE Automotive Exhibiting at ACT Expo 2024

The company said it is expanding its full by-wire EV offering and will showcase its software-driven approach to EVs.

REE-Automotive-Exhibiting-at-ACT-Expo-2024

Other Posts

Nexus Digital N! Climate Day Focuses on Sustainability Solutions

Industry leaders unite to drive sustainable solutions across global supply chains, featuring key updates and expert discussions.

Environmental-Sustainability-generic
The Nearshoring Boom and Its Impact on Mexico’s Talent Landscape

Ruiz discusses how the rise in nearshoring opportunities has influenced employment trends in Mexico, among other topics.

JoseRuiz-The-Nearshoring-Boom-globalautoindustry.com_
Automotive, Mining Sectors to Meet for Battery EV Conference

The 2024 BEV In-Depth conference in Ontario, May 29-30, will explore the EV battery supply chain and zero-emission vehicle advancements.

EV-Batteries-Generic
Hyundai’s Sung Woo Shin Joins Stradvision Board of Directors

Sung Woo Shin brings more than 20 years of automotive industry expertise to advance autonomous driving tech.

Hyundai_Motor_Company_s_SUNG_WOO_SHIN