Mexico's auto parts industry expects record sales this year, reaching $86 billion, as a depreciating peso has made exports in the local currency more competitive in the United States.
Oscar Albin, president of the National Auto Parts Industry (INA), said on Wednesday that the record sales for 2016 would represent as much as 4 percent growth compared to last year. However, he said the rate of expansion could shrink in subsequent years due to cooler demand from buyers in the United States.
"We are hitting the ceiling and while the United States has been buying cars, there's a . . .
