Record Number of Automobiles Sold in Mexico in 2005

(Akron/Tire Review) A record 1.13 million automobiles were sold in Mexico in 2005, up 3.3 percent from the year before, the Mexican Automotive Industry Association, or AMIA, announced on Tuesday.

Published: January 12, 2006

Vehicle production rose 6.6% in 2005 to 1.6 million cars and light trucks, reversing the negative trend of the past four years.

AMIA said in a statement that with the 3.3% hike in national car sales last year, the total rise in sales over the past five years comes to 5.9%, "which makes our country one of the more outstanding markets" in comparison to others around the world.

Auto sales in Mexico, a country of 107 million people, grew 0.1% in December, exports rose 63.5% compared to the same month in 2004 and vehicle production increased 33.3%.

AMIA attributed the favorable industry results to the country’s macroeconomic stability, the falling trend in interest rates, the peso’s stability versus the dollar and low inflation, which was just 3.3% in 2005.

TBC promotes Don Byrd to president and CEO

Byrd joined TBC in April 2018 as executive vice president of TBC and president & COO of National Tire Wholesale (NTW).

By Christian Hinton

Published: April 25, 2024

TBC Corporation’s new president and chief executive officer will be Don Byrd. Byrd, who currently serves as TBC’s chief strategy and marketing officer, will replace Sam Kato, effective May 1. Kato will return to Sumitomo, one of TBC’s shareholders.

According to TBC, Byrd’s appointment by the board of directors to president and chief executive officer is a natural transition for TBC and follows a strategic plan developed in collaboration with Kato.