Automotive industry

Why are used cars going up in price instead of going down?

Typically, a vehicle loses 30% of its value in the first year and continues to drop over time. But in the past year, used models have increased in value.

Rapid Response Labor Mechanism: Mexican auto parts plant union asks the US to file the sixth labor claim

So far, US authorities have filed five complaints since last year, all of them in the automotive sector, which has upset sectors of the Mexican government.

What is the Rapid Response Labor Mechanism and why is it fashionable in the automotive sector?

The US Trade Representative has used this resource to have a more even salary floor within the sector, at a time when new investments are at stake.

Why are cars under 200,000 pesos no longer sold in Mexico?

The average price of the vehicles is already closer to 300,000 pesos and the assemblers anticipate that it will continue to rise as the models become larger and more electrified.

Vehicle leasing grows but there are no cars to meet demand

The Mexican Association of Vehicle Rental Companies (AMAVe) says that the shortage of units is slowing the growth of leasing; there are partners who have waited up to nine months for a car.

Last Minute: Toyota brings its sixth hybrid model to Mexico

The Japanese manufacturer continues to add hybrid models to its range at a time when the tide of electrification is starting to make waves.

Goodbye China, hello Mexico? Taiwanese auto parts makers seek to move plants to the country

The island, one of the largest producers of semiconductors globally, occupies the 27th place on the list with the highest arrival of capital to the country.

Million dollar business! Nemak closes contracts for 1,530 million dollars to supply parts for electric vehicles

The Mexican manufacturer expects that orders for components for electric vehicles and structural components will generate 2,000 million dollars by 2025.

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