The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: Import restrictions on used cars will continue to limit the supply of second hand cars into
Mexico, pushing more households up into the new car market or down into the motorcycle market and
spurring new car and motorcycle sales.
? Passenger car segment to outperform despite the Bank of Mexico beginning an interest rate hiking cycle,
given private consumption growth and better household access to finance following financial reforms and
increasing formalisation of the labour market.
? The risk of the government stalling on its introduction of Euro VI regulations for heavy commercial
vehicles is increasing the downside risks to our 2017 heavy truck and bus sales forecasts.
? Production growth will be sustained over the next five years as large-scale OEM investments come online
and exports to Latin America recover.