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April 4, 2025
The 25% tariff that the United States will impose on automotive vehicles (beginning April 3) and auto parts (no later than May 3) will have an adverse impact on the global automotive industry. This is because automotive companies will have to increase production in the United States, reduce costs or raise prices.
March 21, 2025
Colombia’s automotive sector showed signs of recovery in 2024, with a 7.9% sales increase driven by utility vehicles and taxis. Domestic production declined significantly, while imports grew. Improved macroeconomic conditions are expected to further boost the sector in 2025 and 2026.
February 25, 2025
The automotive industry has shown signs of recovery following the recent recession, with announcements of tax and tariff reductions favoring consumers and projecting an increase in vehicle sales in 2025, driven by enhanced income and improved credit access.
April 10, 2024
By the end of 2023, the Mexican economy grew at an annual rate of 3.2%, with an extraordinary growth of 15.6% in construction and differentiated effects at the regional level. The dynamism of services underpins growth in 2023; Wholesale and Retail grew 3.9% and 4.1%, respectively.
January 26, 2024
The automotive sector once again had an outstanding performance among the different sectors of the economy despite the adverse local macroeconomic context that led to a significant increase in commercial debt with its headquarters. We expect 2024 to be a year with mixed results.
November 21, 2023
In this release of our Regional Sectoral Outlook is set apart by the change of base year in August 2023 with an updated perspective of the sectoral and regional composition of the Mexican economy. During 2024, the GDP of Finance could grow the most (5.3%), followed by Management (5.3%) and Entertainment & Recreation (4.5%)
November 17, 2023
The recovery in private consumption is losing momentum, dropping from an annual 5.9% in the 2021-2022 biennium to 2.0% in 2023-2024. The increase in financing costs counteracts the modest rise in income, net financial wealth, and household expectations.
April 19, 2023
Economic growth through 2023 will be modest and driven by services. A drop in the secondary sector (mainly via Manufacturing) is anticipated due to the slowdown in the economy. Tourist entities lead growth.
March 10, 2023
There are indications that the Green New Deal is beginning to directly impact the reconversion of production and energy in the United States. There are signs that Mexico is benefiting despite not having a policy that supports this productive transformation or reconversion.
December 29, 2022
The automotive sector has had an outstanding performance in 2022 despite the challenging context it faced due to shortages of imported inputs, global logistics problems and union conflicts. We expect domestic market sales in 2023 to be similar to those of 2022.
December 7, 2022
Economic growth in 2023 will be modest and driven by services. A drop in the secondary sector (mainly via Manufacturing) is anticipated due to the general slowdown of the economy. Industrial and tourist entities recover first.
