1. No category

Mexican Automotive
Industry:
an Outlook towards 2020
Eduardo J. Solís Sánchez
October 9, 2015
El Paso, Texas
President
Mexican Automotive
Industry Association
Automotive Sector
Economic Relevance:
Top generator of foreign
reserves. With a foreign trade
surplus of 49.7 billion dollars
in 2014
25% of manufacturing
exports
Mexico has become the 7th
largest manufacturer of
vehicles, during 2014, and
the 1st in Latin America
4th
largest exporter in the
world
5h largest automotive parts
exporter and first supplier for
the United States
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Production and Exports
– Contributed with 3.7% of total world production.
– More than 80% of total production is directed to foreign markets.
Light vehicle production
Light vehicle exports
3.5
3.00
3.0
Δ+
6.5%
2.50
2.00
Million units
2.0
1.5
1.0
1.50
1.00
0.50
0.5
Source: AMIA.
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
jan‐sep 2014
jan‐sep 2015
0.00
0.0
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
jan-sep 2014
jan-sep 2015
Million uinits
2.5
Δ+
6.7%
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Automotive trade surplus in Mexico
• In the first seven months of 2015, automotive
trade surplus reached 31.1 billion dollars.
Automotive Trade*
60,000
40,000
Δ+
14.3%
843%
30,000
5,258
8,198
9,416
8,459
9,355
11,431
10,974
10,841
9,617
10,323
9,978
10,045
14,464
15,211
16,460
15,286
26,911
34,071
37,504
43,453
49,656
27,177
31,072
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
jan-jul 2014
jan-jul 2015
10,000
5,265
20,000
1993
Million dollars
50,000
-
Fuente: elaborado por AMIA con datos del Grupo de Trabajo de Estadísticas de Comercio Exterior, integrado por el Banco de México, INEGI,
Servicio de Administración Tributaria y la Secretaría de Economía.
* Automotriz incluye: 870120 – Tractores de carretera para semirremolques; 8702 - Vehículos automóviles para el transporte => 10 personas; 8703 Automóviles tipo turismo; 8704 - Vehículos para transporte de mercancías; 8706 - Chasises con motor; 8707 - Carrocerías; 8708 - Partes y accesorios de
vehículos; y 8711 - Motocicletas.
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Automotive Industry* is a key
foreign reserves generator in Mexico
Dollars income to Mexico
60,000
51,506
Million dollars
50,000
40,000
30,000
15,000
20,000
14,311
10,000
10,721
0
jan-jul 2012
jan-jul 2013
jan-jul 2014
jan-jul 2015
Automotive Exports
Oil products Exports
Remittances Income
Tourism Income
In the period
January to July,
automotive
exports were 3.4
times oil products
exports, 3.6 times
remittances
income and 4.8
times tourism
income.
Fuente: elaborado por AMIA, con datos de INEGI - Grupo de Trabajo de Estadísticas de Comercio Exterior, integrado por el Banco de México, INEGI, Servicio de Administración
Tributaria y la Secretaría de Economía.
* Se considera Industria Automotriz: 87.01.20 Tractores de carretera para semirremolques; 87.02 Vehículos automóviles para el transporte => 10 personas; 87.03 Automóviles tipo
turismo; 87.04 Vehículos para transporte de mercancías; 87.05 Automóviles para usos especiales; 87.06 Chasises con motor; 87.07 Carrocerías ; 87.08 Partes y accesorios de
vehículos; 87.11 Motocicletas
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Light vehicles and engines
production in Mexico
6
Railway Sistem
Source: Secretaría de Comunicaciones y Transportes.
7
Vehicles trade through
maritime ports (January-August 2015)
Export
Import
National Ports System
51,576
vehicles
169,485
vehicles
355,213
vehicles
517
7,436
70,527
vehicles
168149
vehicles
Source: Secretaría de Comunicaciones y Transportes.
31,425
vehicles
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NAFTA
Vehicle Production
Mexico
7%
2014
1994
(1.12
million)
Mexico
19%
Canada
15%
(3.37
million)
(2.32
million)
United
States
78%
(2.39
million)
United
States
67%
(12.24
million)
NAFTA: 15.68 million vehicles.
Canada
14%
(11.66
million)
NAFTA: 16.48 million vehicles.
• From 1994 to 2014 production vehicle of NAFTA region
increased 11.1%.
Source: AMIA with data of Ward’s Automotive and OICA. Data in vehicle units.
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Why do OEM’s decide to
invest in Mexico?
10
5 major elements that make
Mexico attractive for new investments
Economic
Stability
Geographic
Location
Trade
agreements
network with
major regions
around the
world
Young and
eager to learn
human
resources
(technicians and
engineers)
Strength of
the
automotive
supply chain.
…and very important: the
Government is a major
partner to help land
investments.
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Announced investments
ANNOUNCEMENT
COMPANY
ANNOUNCED
INVESTMENTS
2012
AUDI
1,300 mdd
Assembly plant – Puebla
2014
NISSAN-DAIMLER
1,360 mdd
Assembly plant – Aguascalientes
2014
BMW
1,000 mdd
Assembly plant – San Luis Potosí
2014
KIA MOTORS
1,000 mdd
Assembly plant – Nuevo León
2014
GM
5,000 mdd
Expansion
2015
VW
1,000 mdd
Expansion
2015
TOYOTA
1,000 mdd
Assembly plant – Guanajuato
FORD
1,100 mdd
200 mdd
1,200 mdd
Engines assembly plant – Chihuahua
Expansion
Transmissions assembly plant– Guanajuato
2015
DESTINADO A
Source: recopilación de publicaciones periodísticas, boletines de prensa de las empresas y boletines de la Secretaría de Economía..
According to the Ministry of Economy, the Automotive
industry attracted 39,319.3 million dollars during 1999 – IIt
2015 of Foreign Direct Investment, the industry represented
9.7% of total FDI in Mexico.
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Light vehicles production
and forecast 2020
6.0
5.1
5.0
5.3
4.6
4.0
2.9
3.4
2.6
1.8
1.8
1.5
1.5
1.6
2005
1.9
2.0
2004
2.0
2.9
2013
3.0
2012
3.2
2003
Million units
4.2
4.0
2.0
2.3
2.1
1.5
Fuente: 2000 a 2014 registro de AMIA. 2015^ a 2020^ corresponde a estimación de la asociación suponiendo una tasa de crecimiento
del 3% y con base en los anuncios publicados.
2020^
2019^
2018^
2017^
2016^
2015^
2014
2011
2010
2009
2008
2007
2006
2002
2001
0.0
2000
1.0
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Hard data of last 20 years in
North America:
– Mexico increased 12% its North American production
share during the last 20 years.
– United States and Canada decreased 11% and 1%,
during this period.
… 2020
– Considering new investments, our forecast is that Mexico
will be producing more than 5 million vehicles in 2020.
– 27% of NAFTA production, if United States and Canada
maintain the same production level of 2014.
14
Human resources and
investigation
15
Total graduates in the areas of engineering,
manufacturing and construction
Fuente: PROMEXICO with information from UNESCO.
16
Automotive Industry Group of
Universities and Research Centers
1. Human resources
2. Linkage programs
3. Infrastructure
4. Collaborative projects
5. Government incentives
6. Legislative agenda
Source: AMIA.
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¡THANK
YOU!
Eduardo J. Solís Sánchez
President
Mexican Automotive Industry Association
(55) 5272-1144
[email protected]
@AmiaMexico
Asociación Mexicana de la
Industria Automotriz ac
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