Motor vehicle industry

BBVA Mexico manages a portfolio in excess of 50 billion pesos and now finances one out of every four automobiles in Mexico, making it the leader within the sector with a 25% market share.

BBVA Research published its January auto sales chartbook, noting vehicle sales went up 5 percent in the fourth quarter of 2020. Sales for the year declined 14.7 percent to 14.5 million units, the lowest since 2012.

BBVA Research published its October auto sales chartbook, noting vehicle sales have experienced a v-shaped recovery, increasing 36 percent in the third quarter of 2020 from the previous quarter.  However, sales are still 10 percent below levels observed in 3Q2019.

BBVA Research published its July auto sales chartbook, noting vehicle sales exceeded expectations for the quarter, resulting in an upward revision to the economists’ annual forecast.  However, sales were still 33.7 percent below levels observed in 2Q2019, the worst decline since 2Q09.

BBVA Research published its January auto sales chartbook, noting vehicle sales were 16.9 million in 2019, down 1.7% from 2018. While the sales results are still solid, 2019 sales were the lowest since 2014.

"I love it when I start up my Mustang. It's awesome. It's just the way it sounds, it speaks a special language that only you understand." Rudy Bustos works as the Operations Manager for Transaction Operations and Vault Services at BBVA Compass and he has two passions: cars and creating opportunities for others.

Car sharing and driverless cars are shaking the very foundations of the automobile industry. Will technology make car ownership obsolete?

In a few years, we may not be paying with cash, cards or even with smartphones, but rather, by car. Vehicle connectivity will change the way we manage time and money, but a number of problems still need to be addressed.

The revolution in the automobile industry isn't just about driverless cars. Blockchain technology will also have an impact on the sector, especially on the internal processes of companies.

Airbus continues its firm commitment to completely revolutionizing means of transportation. Like Spacex and Musk with their Hyperloop, Airbus reported that they’ve just successfully completed the first propulsion tests with their City Airbus demonstrator – a multi-passenger, self-piloted electric vertical take-off and landing (VTOL) vehicle designed for urban air mobility. The first flight test of the demonstrator is scheduled for end of 2018.

After seven years of negotiations, the Canada-Europe Trade Agreement, CETA, has entered into force provisionally.  Under this bilateral agreement, the most ambitious signed to date by Brussels, most custom duties levied on trade flows between both countries will be scrapped.

The agreement with ALD, a subsidiary of Société Générale and leader in the European vehicle leasing market, includes the sale of BBVA Autorenting, S.A.

New York, Oslo, Vitoria or Bogotá… The world’s largest - and not so large – cities compete to be recognized as the ‘smartest’. But, what exactly is a ‘smart city’? Cities are trying to innovate to improve the living standards of their inhabitants

Every January, Las Vegas becomes the tech capital of the world. Once again, this year the Consumer Electronics Show, or CES, touched down on the gambling mecca to kick off the technology season.

If Google, Uber, Apple, Amazon, Tesla have it their way, 2017 will be the year of the transport revolution. A revolution that will inexorably disrupt markets and societies, with a fresh new wave of self-driving, electrical, connected, faster and sustainable vehicles.

The auto industry is one of the industries with the greatest growth in the Mexican economy because everything from autoparts production to car assembly and its connection to the international market have performed well.

In previous years, we observed growth in this industry and estimated that vehicle production would increase 1,5% in 2016 compared to the previous year, despite a tough start to the year with 3,1% declines in the first half of the year. This represents an increase of approximately 51.000 units. Next year, production could increase to just over 4 million units, which would mean a 17,4% jump in 2017. This would once again put the industry at the forefront of the Mexican economy.

Mobility is one of the hot topics for any major city. Up until now, mobility policies were based on a combination of, primarily, motor and overground public and private transportation. But this model is showing signs of wear in many cities. The main alternative has been subways and unground transportation systems. However, lately new trends in urban travel have emerged; they involve traditional means of transport now equipped with an engine, such as kick scooters and electric bikes. They reflect a change in how people move around in cities.