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LATIN AMERICA: "Mexico’s Tax Ombudsman issues final transfer pricing regulations" Alert

LATIN AMERICA: "Mexico’s Tax Ombudsman issues final transfer pricing regulations" Alert. 4-page Alert by EY.

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back to index backLATINtalk June,  2004


Mexico Sees May LV Sales Record

Buoyed by rising economic activity, Mexican consumers appeared to have overcome their apprehension related to the country’s March interest-rate boost and with the help of some automaker incentives drove a record number of light vehicles off dealer lots in May.  

Mexican dealers sold 4,858 new LVs on each of 25 selling days in May, a 1.1% increase from the 4,858 sold daily a year earlier and 11.7% more than the 4,399 delivered on each of 26 days in April.

The strong daily rate pushed sales volume for the month to a May record of 122,798 units, eclipsing the prior peak of 121,452 reached a year ago and, despite having one less selling day, bested April’s 114,378 deliveries by 8,420 vehicles.

Powering May to new heights were record light-truck sales of 45,815 that topped May 2016’s then-record 43,065 deliveries by 6.4%.

To read entire article and view graphs, please click here.

Source: WardsAuto.com - GAI





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