Light vehicle sales in Mexico increased 7.7% y-o-y over the year, to 1,063,363 units. We had forecast passenger car sales to increase 6.6% and LCV sales to increase 8.0% in 2013. Despite a slight moderation in sales growth, BMI maintains a bullish view on the Mexican consumer story, as retail sales have remained resilient in recent months and broader measures of consumer sentiment are positive.

BMI Industry View 7

SWOT 8

Political 10

Economic 11

Business Environment 12

Industry Forecast 13

Production, Sales and Trade 13

Sales 13

      Table: Mexico Autos Sales By Segment - Historical Data And Forecasts 13

Production 15

      Table: Mexico Autos Production By Segment - Historical Data And Forecasts 15

Trade 18

      Table: Mexico Autos Trade - Historical Data And Forecasts 18

      Table: Mexico Autos Sector - Historical Data And Forecasts 19

Passenger Vehicles 20

Passenger Cars - Forecast & Analysis 20

      Table: Mexico Passenger Car Segment - Historical Data And Forecasts 20

Sales 21

      Table: Mexico Light Vehicle Sales By Brand 22

Production 23

      Table: Mexico Light Vehicle Production By Brand 24

New Investments 25

Commercial Vehicles 28

      Table: Mexico Commercial Vehicle Segment - Historical Data And Forecasts 28

Segment News 29

Motorcycles 30

      Table: Mexico Motorcycle Sector - Historical Data And Forecasts 30

Suppliers 32

Macroeconomic Forecast 35

Economic Analysis 35

      Table: MEXICO - GDP BY EXPENDITURE, REAL GROWTH % 40

Industry Risk Reward Ratings 41

      Table: BMI's Americas Risk/ Reward Ratings 43

Competitive Landscape 44

Company Profile 48

Company Monitor 48

Regional Overview 51

Global Industry Overview 59

      Table: Passenger Car Sales November 2013 (CBUs) 59

Europe On Road To Recovery 59

Tax Hike Skews Japan's Outlook; US Hits Sweet 16 61

China Is BRIC Bright Spot 63

Demographic Forecast 66

      Table: Mexico's Population By Age Group, 1990-2020 ('000) 67

      Table: Mexico's Population By Age Group, 1990-2020 (% of total) 68

      Table: Mexico's Key Population Ratios, 1990-2020 69

      Table: Mexico's Rural And Urban Population, 1990-2020 69

Methodology 70

Industry Forecasts 70

Sector-Specific Methodology 71

Sources 71

Risk/Reward Ratings Methodology 72

      Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators 73

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