Mexico.
Record sales worth US $ 86,000 million expects to generate the auto parts sector in the North American nation during this 2016, driven by the increase in the profits of exporters due to the depreciation of the currency.
At the end of 2016 it is estimated that sales will increase between 3 and 4% compared to 2015, however it is expected that in the future the expansion could decrease due to a decrease in vehicle sales in the United States.
"We are reaching the ceiling, the United States was buying cars but this has a cap," Oscar Albin, head of the National Auto Parts Industry (INA), said in an interview with Reuters. "From now on we will be seeing maintenance of figures and if anything one or two (percentage) points of growth," he added.
Mexico is the fifth largest producer of auto parts in the world, and between 70 and 80% of what it produces is for export markets, especially the United States.
The paints and coatings sector will benefit in principle from the increase in sales of auto parts.
