Page 169 - STRATEGY Magazine

Automotive Industry In Numbers Automotive Sector Economic Relevance
Top generator of foreign reserves US$52.5 billion
4th largest exporter in the world
5th largest automotive parts exporter and largest parts supplier for the U.S.
with a foreign trade surplus of
7th 1st in Latin
25%
2015
20% 13%
2020 (estimated)
27% 13%
exports Contributes with 3.1% total GDP
Manufacturing industry GDP 18.3%
in 2015
Manufacturing
largest manufacturer of vehicles
America
Considering new investments, our forecast is that Mexico will be producing
5 million vehicles
2020 (hard forecast)
(3.57 million)
(2.28 million)
(5.1 million)
(2.3 million)
60%
(12.1 million)
NAFTA: 17.95 million vehicles
Assuming that United States and Canada maintain the same production level as in 2015.
67%
(12.1 million)
United States Mexico Canada
Mexico has increased 12.7% its share in NAFTA production
over the last 21 years.
With an increase to 5.1 million vehicles in next 5 years
Mexico could increase6.2% its share by
Opportunities
Manufacturing competitiveness in terms
1 of wages and location to other US producers
and suppliers
2
There are investment opportunities in Mexican supply chain
3
Increased access to credit in Mexico will make the Mexican market a regional
outperformer
Asian companies such as BAIC, KIA, and
4 Hyundai are focusing on Mexico for
production locations
SOURCE: EY, AMIA
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