Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
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.