Economy & Business - November 2021

MEXICO: Move to legalise imported used cars proves contentious

On 16 October President Andrés Manuel López Obrador signed a decree to regularise used cars imported illegally from the US. The agreement calls on Mexico’s ministries of finance (SHCP), economy (SE), and public security (SSPC) to draw up a programme to incentivise private owners in the northern border states of Baja California, Baja California Sur, Sonora, Chihuahua, Coahuila, Nuevo León, and Tamaulipas - where most of these vehicles, known locally as ‘autos chocolate’, are located - to legalise them by paying a fee of M$2,500 (US$122) per car. According to Mexico’s automobile distributors’ association (AMDA), there are around two million such cars in the country.

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