The Mexico Car Market Is So Hot Even Volkswagen Posts Sales Gain
- Mexico's domestic auto sales advance to a record in 2015
- Packed showrooms signal improving economy, JPMorgan says
Will 2016 Be a Record Year for Automakers?
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In Mexico’s red-hot domestic auto market, even embattled Volkswagen AG is doing well.
While the German carmaker’s annual sales were set to decline worldwide for the first time in 11 years after it admitted to cheating on emissions tests, they gained more than 10 percent in Mexico through November. It would be difficult for the brand to do poorly, said Mexico’s dealers association, when the local auto sector expanded almost 20 percent in 2015, beating estimates and records.