Mexico's commercial vehicle sales expected to hit record in 2024
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Sales of commercial vehicles in Mexico are projected to reach a record 56,592 units in 2024, surpassing the previous record of 53,300 set in 2007, according to the Mexican Automotive Distributors Association (AMDA). This surge is attributed to a manufacturing boom and increased nearshoring, enhancing supply chain stability and economic growth. Volvo's recent announcement of a new plant in Monterrey further underscores the logistics advantages of operating in Mexico, facilitating sales across Mexico, Latin America, and the U.S.
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