The North American country has moved up two positions in the world rankings, according to the Mexican Automotive Industry Association (AMIA).
Mexico has positioned itself as the fifth-largest producer of light vehicles by the end of 2024, moving up two places in the global ranking, surpassing Germany and South Korea, according to the Mexican Automotive Industry Association (AMIA).
For Mexico to continue consolidating its position within the North American region, it is important for the United States to recognize the strengthening of the automotive industry's supply chains in the region that they have achieved over 30 years, said AMIA President Rogelio Garza, who maintained that the sector faces the significant threat of a change in its operating model under the USMCA, which would strengthen the rule of origin.
"The threat is that the United States government or model will want to change the USMCA's operating model, whether in its rules of origin or in general, and that this will change these rules under which the investment was made, leading to changes over time in the way the company produces or allocates its activities."
During an interview on Grupo Financiero Banorte's Norte Económico podcast, AMIA CEO Odracir Barquera emphasized that "Mexico has been in this process (of commercial strengthening) for 30 years. The automotive industry is the best example of this. Not only have automotive manufacturers arrived in Mexico, but thanks to these 30 years of consolidation, we have also become the fourth largest auto parts producer in the world."
He added that Mexico has managed to attract the entire automotive industry value chain, as well as other production chains that, while not as large as this sector, are generating significant potential, such as household appliances, aerospace, and others.
What factors make Mexico attractive? he asked. The most important point is its geographic location. The second is its position in the North American region. And that allows for certainty in the logistical capacity for market access.
"Strengthening the chains is a great strength of this industry, and I believe it's what will make it prevail and continue to be a strong industry in North America in all three countries," the AMIA director stated.
