Market Monitor Automotive Mexico 2018

市場監測

  • 墨西哥
  • 自動化/交通

2018年09月04日

While sales in the Mexican automotive market remained subdued in the first half of 2018 car exports have increased 10%, helped by new production plants.

 

2018 mexico cars pic1

 

  • In 2017 Mexican vehicle production increased 13% to more than four million units, according to the International Organization of Motor Vehicle Manufacturers OICA. Exports increased 12% in 2017 and 10% in H1 of 2018, helped by new production plants. That said, domestic market sales remained subdued in H1 of 2018 (also due to higher fuel prices).
  • Profit margins of OEMs and Tier 1 suppliers are expected to remain stable, as Mexico imports only 10% of car parts used by assembly companies, and therefore an immediate effect of punitive tariffs on steel and aluminium is not expected. In addition, many car parts producers (often subsidiaries of global groups) have hedged against price volatility.
  • The average payment duration in the Mexican automotive industry is between 30 days and 90 days. Payment behaviour in this sector has been stable over the past two years. The number of non-payments and insolvency cases is not above average compared to other industries, and it is expected that there will be no deterioration in the coming months, given that the businesses environment remains stable.
  • Our underwriting stance remains open for vehicle manufacturers and Tier 1suppliers, given the strengths of most businesses in this segment (well established, often part of global company, high investments made). For Tier 2 suppliers our underwriting stance is more neutral, as this segment is more susceptible to changes in commodity prices and to price competition. It is expected that foreign investment into manufacturing and supply will continue; further strengthening the sector.

 

 

相關資料

免責聲明

Each publication available on or from our websites, such as, but not limited to webpages, reports, articles, publications, tips and helpful content, trading briefs, infographics, videos (each a “Publication”) is provided for information purposes only and is not intended as a recommendation or advice as to particular transactions, investments or strategies in any way to any reader. Readers must make their own independent decisions, commercial or otherwise, regarding the information provided. While we have made every attempt to ensure that the information contained in any Publication has been obtained from reliable sources, Atradius is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in any Publication is provided ’as is’, with no guarantee of completeness, accuracy, timeliness or of the results obtained from its use, and without warranty of any kind, express or implied. In no event will Atradius, its related partnerships or corporations, or the partners, agents or employees thereof, be liable to you or anyone else for any decision made or action taken in reliance on the information in any Publication, or for any loss of opportunity, loss of profit, loss of production, loss of business or indirect losses, special or similar damages of any kind, even if advised of the possibility of such losses or damages.