DJPlayer
11-15-2010, 12:00 AM
I knew there was a decent amount of violence in Mexico, but I had no clue that there was such a high demand for OEM bulletproof cars.
http://www.usatoday.com/news/world/2010-11-15-bulletproof15_ST_N.htm
Mexico's $80M boom industry: Bulletproof cars
A growing number of Mexicans — including many from the middle class — see bulletproofing their vehicles as a necessity and not a luxury.
Extortion is now commonplace in some regions of Mexico. Kidnapping has soared by more than 300% over the past five years and since December 2006, more than 28,000 Mexicans have died in killings blamed on drug-cartel violence.
Although exact figures for the industry are unavailable to the public, the Mexican Association of Automobile Armorers, an industry group, reports an annual growth rate of 10% in recent years and values the market at $80 million per year. Automakers such as Mercedes-Benz, Volvo and Volkswagen sell bulletproof models in Mexico dealerships. A bulletproof Volkswagen Bora, a model similar to a Jetta, sells for $70,000.
Some armoring companies report backlogs for a process that takes up to 12 weeks and costs up to $80,000.
http://www.usatoday.com/news/world/2010-11-15-bulletproof15_ST_N.htm
Mexico's $80M boom industry: Bulletproof cars
A growing number of Mexicans — including many from the middle class — see bulletproofing their vehicles as a necessity and not a luxury.
Extortion is now commonplace in some regions of Mexico. Kidnapping has soared by more than 300% over the past five years and since December 2006, more than 28,000 Mexicans have died in killings blamed on drug-cartel violence.
Although exact figures for the industry are unavailable to the public, the Mexican Association of Automobile Armorers, an industry group, reports an annual growth rate of 10% in recent years and values the market at $80 million per year. Automakers such as Mercedes-Benz, Volvo and Volkswagen sell bulletproof models in Mexico dealerships. A bulletproof Volkswagen Bora, a model similar to a Jetta, sells for $70,000.
Some armoring companies report backlogs for a process that takes up to 12 weeks and costs up to $80,000.