Move over Mercedes: Chinese cars grab Mexican market share

Quick Summary:

MEXICO CITY - The growing popularity of Chinese sport utility vehicles (SUV) and pickup trucks has shaken up Mexico's luxury car market, hitting sales of traditionally dominant brands such as Mercedes-Benz and BMW (Bavarian Motor Works).

According to Mexican President Claudia Sheinbaum, only 7% of the components of cars manufactured in the Latin American country are Chinese.

It is no small feat in a country home to factories of foreign brands such as Audi and BMW, and where until a few years ago imported Chinese cars were stigmatized, as in other parts of the world.

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Article Details

Category: EconomyBusiness

Markets: ThailandCanadaChinaMexicoUnited States

Topics: According Mexico Sales Cars Brands Luxury United Vehicles Chinese States Pickup

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 13:45:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 729 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24688089

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 14 posts per day

Year Established: 1946

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News Last Updated: 2 hours ago

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Publisher ID: #66

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