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USMCA Review, Opportunity for the “Heavyweights”

Original equipment manufacturers (OEMs) that have plants in Mexican territory fully comply with the provisions, due to the investments made to comply with the treaty.

T21 Media by T21 Media
5 February, 2025
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In 2024, the heavy vehicle production industry established in Mexico completed the manufacture of 213,241 cargo and passenger units, the second most successful cycle , only surpassed by 2023, when record production figures were reached with 222,813 vehicles manufactured.

Although the National Association of Bus, Truck and Tractor Producers (ANPACT) does not issue future production figures, it is confident that the growth trend that has occurred over the last decade will continue . “As an association, we will promote certainty and ensure that there are no tariff barriers for foreign trade,” explains Virginia Olalde López-Gavito , director of Foreign Trade and Economic Studies at ANPACT.

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Virginia Olalde Lopez-Gavito

In the preamble to the review of the Treaty between Mexico, the United States and Canada (T-MEC) , which will take place in 2026, Olalde López-Gavito details that the heavy vehicle production industry in Mexico is key to the treaty, because it is highly integrated with its partners, both in terms of supply of parts and final vehicles.

“When a vehicle is produced in Mexico, it may have to cross into the United States several times to obtain subassemblies from suppliers, such is the case of electric vehicles that are being manufactured in Mexico,” said the ANPACT representative.

In this sense, having a regional legal instrument is essential , because it lays the foundations for strengthening and continuing to develop supply chains that help achieve greater integration.

It is worth noting that, of the 159,466 units that were exported in 2024, 95.5% were destined for the United States , while Canada received 3.3%, according to official statistics.

In this context, it is important to highlight that last year the first increase in the value of regional content required in the USMCA for the heavy vehicle manufacturing industry took place, which rose from 60 to 64 percent. The next increase is planned for 2027 and will reach 70% of the regional content value.

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Tags: AnpactFOREIGN TRADEHEAVY VEHICLE INDUSTRYHEAVY VEHICLESUSMCA

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índice de Confianza del Transporte y Logística – Cuarto trimestre 2023 10 destinos de exportación de vehículos pesados 2023 Descubre el Top 10 de destinos de exportación de vehículos pesados en México en 2023 La venta de vehículos pesados rompe récord en 2023 5 marcas de camiones más vendidas