Automotive sector could have a positive year

Despite confronting complicated times, companies from the automotive sector in Mexico might have a not-so-negative 2017. Signum Research indicated that, despite the current financial scenario, representatives of Mexican Stock Market (BMV) confirmed that investment projects which had already been scheduled, are going to continue their course, but companies might grow more cautious in the future. Bank Intercam announced that this sector might have the capacity to absorb new taxes, in case they were approved, which is why the volume will not be so affected. Analysts agree that the new and used vehicle industry might obtain positive results.