bmw forecasts stagnant sales in mexico amid economic challenges and tariffs

BMW's Mexico chief, Diego Camargo, has predicted that the auto market in Mexico will experience stagnant sales in 2025. This projection is based on the expected depreciation of the peso against the dollar and slow economic growth due to increasing trade tensions under President-elect Donald Trump.

Despite a period of double-digit growth, overall new car sales in Mexico are anticipated to remain largely unchanged next year. Camargo also mentioned that the luxury vehicle segment is expected to maintain its volume, with growth estimates ranging from 0.5% to 1.5% for 2024. These forecasts reflect concerns about the potential impact of currency fluctuations and trade policies on the automotive industry in Mexico, which is a significant market for international car manufacturers.

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