Overview
- After a meeting at the Economy Ministry, Adefa told Luis Caputo it needs measures to improve export competitiveness, including lower provincial and municipal taxes and clear rules as Chinese brands intensify regional rivalry.
- The association projected the internal market will grow by about 50% in 2025, supported by a broader range of imported vehicles.
- Government policy has accelerated imports, with October inflows up 69.2% year over year after a quota exempted electrified models from the 35% extrazone tariff.
- Production is expected to finish 2025 roughly in line with 2024’s 506,701 units, while exports fell 10.3% in the first ten months and output rose 2.5% year to date.
- Industry leaders highlighted nearly US$2 billion in investment over two years and welcomed Resolution 1834’s faster, dollar-linked VAT refunds, even as supplier strain surfaced with Dana closing its San Luis plant and laying off 50 workers with full severance.