Mexico Auto Sales & Production: Winners and Losers

Category: GAI
Published: 2024-04-16
Mexico Auto Sales & Production: Winners and Losers’s latest Audio Interview “Mexico Auto Sales & Production: Winners and Losers” features Thomas Karig.  Thomas is a speaker and independent consultant on automotive industry and foreign trade issues, as well as on Governance/ESG system implementation. He teaches Corporate Governance & Integrity at the IESDE School of Management in Puebla, Mexico. Previously he worked for Volkswagen de Mexico in several management positions for 37 years.  Most recently, as VP of Corporate Relations and Compliance Officer.  He was a member of the Board of Directors of the Mexican Association of the Automotive Industry, the Association of Mexican Truck Manufacturers, as well as the Mexican-German Chamber of Industry and Commerce, the last three years serving as Chairman.  Thomas sits on the Board of Directors of companies in the auto parts and real estate sectors.

In the 11-minute Audio Interview, Mr. Karig discusses these questions:

  • Most auto markets have not recovered fully from the pandemic (except China…). How did car sales in Mexico do in 2023?
  • There are around 40 car brands competing for clients in Mexico today. How are the legacy brands holding up against the newcomers?
  • Mexico has maintained its position as the #7 car producing country. How much dynamism is there in terms of production volumes and investments in production facilities?
  • What can we expect for 2024? What do the 1st Q figures tell us?