Crossborder Insights: After Recession Pitstop, Is Mexico’s Auto Industry Racing Ahead?

New data from several major automotive manufacturers signals a recovery, and a shift toward expansion and increased foreign direct investment into Mexico’s automotive industry.

Mexico Automotive Brief - Download PDF Here

Mexico’s automotive sector experienced a steep decline in production and investment in 2009 due to the global economic downturn.  In fact, by January of 2009, production of cars and light trucks had fallen to less than half of January 2008’s levels — a trend which continued throughout most of 2009.  However, several major OEM’s have recently announced plans for production or supplier expansions in Mexico over next few years.

Research and analysis conducted by Crossborder Group (in PDF at right) shows that