Diversification Underway But US Still A Growth Driver

The stage is set for nearly 10% growth in total vehicle sales in 2011 and for just over 7% growth in 2012, limited by the sluggish US economy. For private consumption and vehicle sales to fully recover, the economy needs at least a few more quarters of strong US demand to bolster job growth and disposable income. With the deteriorating outlook for the US economy, we see do not expect Mexican vehicle sales to return to pre-crisis levels before 2014.

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