2017 is marked by the Mexican Stock Exchange (BMV) as the year with the highest volume of placement offerings, with nearly 70 billion pesos. That year marked the arrival of Grupo Traxión and Grupo México Transportes (GMXT) on the trading floor, in September and November, respectively.

After nearly eight years of listing on the Mexican Stock Exchange (BMV), GMXT announced its Board of Directors’ decision to delist last June . This goes beyond the stock’s performance, but also reflects the fact that the sector has little securitization and, according to various analysts, the transportation and logistics sectors are not widely known by the investment market.

In recent years, there has been an increasing number of public offerings and acquisitions , some of them through delisting or to reduce their shares, “a dramatic change” after the placements carried out by the transport division of Grupo México or Grupo Traxión, among others, identifies Alik García, deputy director of Stock Market Analysis at VALMEX Casa de Bolsa .

“In all of 2017, companies raised nearly 70 billion pesos through primary and secondary offerings, and we haven’t seen any placements or follow-ons in 2025; the last one was from Traxión in August 2023, representing approximately 34% of its capital, isolated transactions. Part of what these data suggest is a change in outlook after the pandemic. Many issuers began to exercise more caution when investing new capital, particularly due to the deterioration of the macroeconomic and political environment, changes in government, tariffs, and the fact that the stock market is not providing the returns investors have been hoping for,” he reveals.

In addition to the above, companies are also valued at lower prices in the Mexican market compared to Latin America. Luis Burgueño, a partner in the Mergers and Acquisitions Practice at Von Wobeser y Sierra , agreed with this. He noted that there are 400 listed companies in Brazil alone, compared to 140 in the country.

Comment and follow us on X:  @evandeltoro  /  @GrupoT21

El cargo GMXT’s Delisting, Beyond the Delisting apareció primero en T21.

The proposal, included in the 2026 Economic Package and announced by Marcelo Ebrard, head of the Ministry of Economy (SE) , comes at a time when companies are facing rising costs, competitive challenges, and pressure to renew their fleets.

The initiative proposes reforming various tariff sections of the Tariff Schedule of the General Import Tax Law , the purpose of which is to increase the most-favored-nation tariffs applicable to the import of various goods, including auto parts and vehicles, explained Luis Miguel Jiménez, partner in the International Trade practice at the law firm Von Wobeser y Sierra .

For auto parts, tariffs are expected to range from 10% to 50% of the customs value, while for vehicles the tariff would be 50%.

“Only those products whose tariff fraction is listed in the proposed modification would be affected,” he told T21.

The list includes three sensitive items: auto parts, finished vehicles, and raw materials. Within this framework, utility vehicles and heavy trucks will not be taxed in this first package , which represents a respite for the auto transport industry, commented Alberto Bustamante, general director of the National Agency of Suppliers of the Automotive Sector (ANAPSA) .

Impacts to come

The consequences would be far-reaching. Vehicles and auto parts from countries without a trade agreement with Mexico would become more expensive, as the tariff increase would be passed directly on to consumers, explained Luis Miguel Jiménez.

The scenario could be even more drastic for Asian-origin units , which would lose competitiveness or even exit the market, reducing the diversity of available options and affecting the quality-price ratio. In this context, used cars would gain ground, also pushing up their values, he emphasized.

Furthermore, in the aftermarket, 85% of the auto parts consumed in Mexico come from China , which is necessary to keep a fleet of 85 million vehicles on the road , according to Alberto Bustamante. Since there is insufficient local production capacity, imposing a tariff on these parts without industry consensus would directly affect the availability of spare parts in the country , he noted.

Fractions included in the proposal

The measure’s purpose goes beyond revenue collection. According to the Ministry of Finance and Public Credit (SHCP) , the implementation of the new tariffs would generate 255 billion pesos in 2026 , which would represent 97 billion pesos more than expected this year in import revenue.

The goal, explained Marcelo Ebrard, is to curb the entry of products below reference prices and protect approximately 320,000 jobs linked to the automotive industry .

The debate is taking place in an international environment marked by trade tensions. The World Trade Organization (WTO) requires the same rate to be applied to all countries without a free trade agreement, while in the United States, President Donald Trump has insisted that his partners in the United States-Mexico-Canada Agreement (USMCA) raise barriers against Asian products.

With Morena’s legislative majority, approval in the Union Congress seems assured, and if approved, the new tariffs would take effect 30 days after their publication in the Official Gazette of the Federation.

Comment and follow us on X:  @karinaquintero  /  @GrupoT21

El cargo What’s next for trucking with the tariffs proposed in the 2026 Economic Package? apareció primero en T21.