Axalta's Second National Automotive Color Preferences Survey Reveals that nearly 60% of Mexicans Prefer Red, Silver or White

MEXICO CITY, June 25, 2020 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today announced the results of its second annual National Automotive Color Preferences Survey in Mexico. The survey showed that nearly 60% of automobile buyers in Mexico prefer one of three colors - red, silver or white.

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Red led the three "most preferred" colors with 20% of respondents citing it as their favorite. Red is especially popular in the center, north and southeast of the country, which represents more than half of the territory, particularly among women and millennials. Axalta is the first global coatings company to conduct a survey in Mexico that evaluates preferred automotive colors.

"Our survey results show that color is "very" or "extremely important" for nearly 70% of Mexicans when making a decision to buy a vehicle. That's why Axalta, as an industry leader and color expert, listens to the preferences of consumers and continuously analyzes market trends to anticipate what the next most popular color will emerge," said Daniel Salcido, President of Latin America North at Axalta.

While results indicate that red continues as one of the most favored colors nationally, most respondents said they own a white car. According to Axalta's 67^th annual Global Automotive Color Popularity Report released in 2019, white retained the top spot for seven consecutive years as the most popular color worldwide. The preference for white is due to its modern-day appeal, cooling properties and overall clean appearance. It is found most often on trucks, small vehicles and SUVs, while black is most popular on luxury vehicles.

"With our expertise in color, the market in Mexico looks to Axalta to be on the forefront of color trends. The insights we uncover through surveys such as the annual National Automotive Color Preferences Survey are used to better understand the needs and wants of Mexican consumer," added Marcela Bussey, Transportation Technology Manager for Axalta Mexico. "Axalta is committed to innovation and constantly worked to develop newer and better technologies to our customers in Mexico."

In addition to be the favorite color among Mexican car buyers, the survey also showed that 6 out of 10 Mexicans would consider repainting their vehicles mostly to update the appearance and red would be the preferred option for them. This indicates an evolving trend among consumers and creates a new opportunity for the coatings industry to offer cost effective ways to meet this new demand.

"Consumer preference and color preferences are fleeting," added Jorge Hirata, Refinish Technology Director for Axalta México.  "Whether it's the color of your room, your mobile phone, or your vehicle, consumers want flexibility to change their look where and when they choose. This creates a new dynamic for the coatings and automotive industries.  It's up to industry leaders, like Axalta, to innovate new products and systems rapidly to meet these new consumer demands in the most cost effective and efficient manner."

Axalta recently opened the world's largest research and development center dedicated to coatings and color, where more than 200 engineers and scientists are at the forefront of the industry are working to provide innovative and high technology solutions to satisfy customers' needs around the world.

For more information about Axalta's color, please visit: We Live Color.

Methodology:
     a.  Implementation: One thousand surveys distributed throughout the Mexican Republic.
     b.  Implementation period: March 2020.
     c.  Demographic data: Men and women (50%-50%), older than 25, car owners.
     d.  Format: On-site and via a digital questionnaire.

About Axalta

Axalta is a leading global company focused exclusively on coatings and providing customers with innovative, colorful, beautiful, and sustainable solutions. From OEM light vehicles, commercial vehicles and finishing applications, to electric motors, buildings and pipes, our coatings are designed to prevent corrosion, increase productivity, and allow the materials we cover to last longer. With more than 150 years of experience in the coatings industry, Axalta's 14,000 people continue to find ways to better serve our more than 100,000 customers in 130 countries every day with the best coatings, application systems and technology. For more information, visit axalta.mx and follow @AxaltaLATAM on Facebook, Twitter, and Instagram.

Media contact:
Karen Perez
karen.perez@axalta.com
D +55 5068 2894

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SOURCE Axalta Coating Systems Ltd.