Transportation
BMW Sees Flat Mexico Sales on Trump Tariffs, Peso Weakness
- Sales head says economic, currency headwinds to pinch demand
- EVs seen as bright spot as BMW moves ahead with new investment
BMW vehicles outside the company's manufacturing facility in San Luis Potosi, Mexico.
Photographer: Mauricio Palos/BloombergThis article is for subscribers only.
BMW’s Mexico chief expects anemic sales in the country’s auto market next year, hurt by expected peso weakness against the dollar and subdued economic growth as US President-elect Donald Trump ratchets up trade tensions.
Overall Mexican new car sales will likely remain little changed in 2025 after double-digit gains this year, BMW Group Mexico Chief Executive Officer Diego Camargo said in a phone interview. The luxury vehicle market is seen “maintaining its volume” after posting likely growth of 0.5% to 1.5% in 2024, he said.