Motor vehicle industry
LATEST NEWS BBVA.COM
- BBVA hosts the first meeting of the Cleantech for Iberia coalition
- BBVA sets an annual record in sustainable business, with €70 billion in 2023 (+39 percent)
- The BBVA Foundation Frontiers of Knowledge award goes to Ceballos and Dirzo, for successfully quantifying the scale of the extinction of species brought about by human activity
26 Dec 2023
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.
03 Feb 2021
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.
05 Nov 2020
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.
06 Aug 2020
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.
03 Feb 2020
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.
24 Nov 2017
"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.
22 Nov 2017
07 Nov 2017
02 Nov 2017
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.
13 Oct 2017
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.
29 Sep 2017
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.
29 May 2017
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.
23 Feb 2017
10 Jan 2017
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.
02 Jan 2017
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.
14 Sep 2016
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.
22 Dec 2014
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.