(MENAFN- Investors Ideas) November 27, 2017 (Investorideas.com Newswire) The automotive aftermarket in Mexico totaled US$4.3 billion in 2016 and represented 8% of North American demand. The value of the Mexican peso relative to the US dollar declined during the 2011-2016 period, with the result that sales fell through 2016. Nevertheless, aftermarket sales continued to climb at a strong rate when measured in pesos. These and other trends are presented in , a new study from The Freedonia Group, a Cleveland-based industry research firm.
Automotive aftermarket demand in Mexico is forecast to expand 6.1% per year through 2021 to US$5.8 billion, which is the fastest rate in the region and a turnaround from the declines of the 2011-2016 period. The increasing availability of newer model used car imports from the US under the 2009 NAFTA agreement is expected to have a mixed effect on the Mexican automotive aftermarket.
Aftermarket demand for automotive components in all of North America is forecast to expand 2.4% per year through 2021, accelerating from the slower growth seen between 2011 and 2016. Sales will be promoted by such factors as the growth in the size and average age of the region's light vehicle park, gains in the average number of miles driven annually, and increasingly stringent regulation regarding emissions, fuel efficiency, hazardous materials, and occupant and pedestrian safety boosting the number and value of many automotive components.
North America Automotive Aftermarket, 8th Edition (published 11/2017, 240 pages) is available for $5100 from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email .
Related studies include:
- #3548
- #3547
- #3534
- #3512
- #3505
About The Freedonia Group, a division of MarketResearch.com The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional can be purchased at, www.marketresearch.com, and www.profound.com.
More Info: This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info:
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: . Global investors must adhere to regulations of each country.
MENAFN2811201701420000ID1096162427
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.