Forbes Magazine spotlights Mexico's auto manufacturing boom
America's Car Capital Will Soon Be Mexico
Forum Discussion
People still buy locally, food prices remain low, eggs for 14 pesos a dozen as an example. Housing is very affordable especial under government programs. In Monterrey, the most expensive city, air conditioned buses with wifi are at a high of 10 peso with 50% discounts for students and seniors. (.38 U.S.)
The canasta basica regulates prices on basic food stuffs. You can check prices for the month of July by store here Prices - Canasta Basica July 2014
I'm sure fuel is or will be a major factor soon but the idea is to start eliminating subsidies which in reality are an oxymoron as we all end up paying the price somewhere down the line.
Comparing fuel prices in Mexico to the U.S. isn't very practical because we know the ups and downs of the U.S. oil economy. It won't be long before they go back up creating parity with Mexico. Imagine Canada where prices this summer were between 4.84 and 5.77 per gallon. That would be hard to deal with.
The growth is almost crazy throughout the whole state. Even with drought, the farmers have been able to do well (in Nuevo Leon). Queretaro, Guanajuato, Zacatecas are in a boom. Even the beaten up city of Nuevo Laredo has seen some major changes in infrastructure.
I realize my glass is half full where others, in regards to Mexico, have a glass that's half empty. Different points of view. I know people here in the north are very happy with the economy. My gauge here in the countryside is the tourist area where people from Monterrey come on weekends. The businesses have grown, more have been added, restaurants are packed and they are charging premium prices and people are paying them. The lines are long to get in. There are 15 different buffets on the strip and they charge from 55 pesos to 100 pesos. Good luck getting in. So people are spending money on fuel, eating out, kids are going clubbing (if that's what it is called nowadays), new car sales are at an all time high.
The canasta basica regulates prices on basic food stuffs. You can check prices for the month of July by store here Prices - Canasta Basica July 2014
I'm sure fuel is or will be a major factor soon but the idea is to start eliminating subsidies which in reality are an oxymoron as we all end up paying the price somewhere down the line.
Comparing fuel prices in Mexico to the U.S. isn't very practical because we know the ups and downs of the U.S. oil economy. It won't be long before they go back up creating parity with Mexico. Imagine Canada where prices this summer were between 4.84 and 5.77 per gallon. That would be hard to deal with.
The growth is almost crazy throughout the whole state. Even with drought, the farmers have been able to do well (in Nuevo Leon). Queretaro, Guanajuato, Zacatecas are in a boom. Even the beaten up city of Nuevo Laredo has seen some major changes in infrastructure.
I realize my glass is half full where others, in regards to Mexico, have a glass that's half empty. Different points of view. I know people here in the north are very happy with the economy. My gauge here in the countryside is the tourist area where people from Monterrey come on weekends. The businesses have grown, more have been added, restaurants are packed and they are charging premium prices and people are paying them. The lines are long to get in. There are 15 different buffets on the strip and they charge from 55 pesos to 100 pesos. Good luck getting in. So people are spending money on fuel, eating out, kids are going clubbing (if that's what it is called nowadays), new car sales are at an all time high.
