Mexico ranks because the 10th biggest automobile producer within the world, which accounts for 17.6% from the production sector and 3% of national GDP. Mexico’s auto components industry is closely associated to the U.S. business.

There are presently seven manufacturers in Mexico producing 40 brands in 20 manufacturing plants.

Mexico produces around 2 million cars on a yearly basis. Out of this number 79% of manufacturing is devoted to exports and also the remaining 21% for that nearby market. The spare parts market is expected to increase after Mexico imposed new duties on the importation of utilized vehicles in 2009. As a result, repairing and maintenance of used vehicles will require varied parts and the compra y venta de autos usados en mexico.

Additionally, other opportunities exist for U.S. exporters of spare parts and new technologies to reduce expenses. Parts, equipment and first and second-tier components from the U.S. may encounter an increase in exports due to forecasted Mexican production of new models that have shifted from U.S. assembly plants. According to NAFTA, utilized automobiles older than 10 many years had been to be imported into Mexico in the United States duty-free beginning in 2009. However, new decrees have been issued by Mexico, decreasing the importation of used vehicles into Mexico through regulations and requirements for the venta de autos usados.

These measures had been adopted in response to concerns about older used automobiles raised by nearby governments and private vehicle associations in Mexico, this kind of as higher pollution generation, fuel efficiency limitations, higher maintenance costs, low mechanic conditions, reduction of new car sales, too because the inherent difficulty in tracking and identifying older used automobiles involved in criminal actions or violations. The mixture of these elements and others, forced the Mexican government to put in location some requirements to control the importation of older used vehicles, or the venta de autos usados en mexico.

 Automotive accessories are considered all of those parts that are sold to enhance the appearance of the automobile, to improve performance, to replace original components with up-graded luxury items such as seat covers, door and window handles, chrome plated exhaust pipes, larger sized wheels and tires, etc. for automobiles, pick-ups, and trucks. Even though there’s a large quantity of local manufacturing of these items, the majority of them are imported. The significance of this sub-sector is evidenced by the tremendous size of the annual accessories trade show, SEMA, which is held in Las Vegas, Nevada each and every year.

SEMA exhibitors traditionally display thousands of new products in each and every display, and for the last several many years, the greater part of exhibitors has been from Asian countries, particularly China, Taiwan, and Japan. Having a population of about 105 million inhabitants, Mexico is the 2nd largest market in Latin America, after Brazil, and 1 from the largest markets worldwide. With a GDP per capita of $8.343 USD and typical monthly wages of $581 USD, Mexico has a great position among emerging economies. The automotive industry is considered a strategic economic pillar in Mexico. The possible from the Mexican automotive industry is such that it represents the second most important sector from the country, for this cause there’s excellent possible to supply the automotive production sector. The production industry represents 19% of the GDP.