In February, 109,484 automobiles were sold in Mexico, 7.2 percent less than in the same period last year, according to data from the Mexican Association of Automotive Distributors (AMDA). This is the ninth consecutive fall recorded by the automotive industry in the domestic market, and the first for a second month of the year since 2014.
Guillermo Rosales, Deputy General Manager of AMDA, told El Financiero that the increase in inflation in the sector, as well as the greater requirements to obtain an auto loan, continue to impact the sale of vehicles in Mexico.
“The increase in the price of gasoline in the last two months does not help either, it is a factor that influences the inflation of the sector,” said the executive.
He stressed that this negative trend in car sales of the last nine months could continue until July of this year, after Mexico’s presidential election.
“We maintain our car sales forecast for 2018 between 1,453,000 and 1,530,000 vehicles,” Rosales added.
In figures accumulated between January and February of this year, 218,629 vehicles were marketed in Mexico, 9.4 percent less than that reported in the same period of 2017. This negative variation is the first that the industry has presented since 2010 but it is the largest since 2009.
Nissan holds the first place in sales with 23.6 percent market share, Volkswagen Group comes in second with 14.5 percent, and General Motors is third with 11.1 percent, while Toyota and KIA have 8 percent of market share each.
A case to be highlighted is General Motors, which reported a reduction in sales of 20.5 percent in February, its second consecutive monthly decline; this is because the company announced changes in its sales volume mesaurement mechanisms.
more recommended stories
“Chief Saidén is not going anywhere” (Mauricio Vila Dosal)
In relation to the rumors and.
Museo de la Luz (Museum of Light) breaks ground in Mérida’s La Plancha
On Tuesday May 21st, the National.
Cuba still welcomes American tourists despite Trump restrictions
VARADERO, Cuba (AP) — The battle.
Guatemalan teen dies at Border Patrol station, 5th minor to die in US custody in 6 months
PHOENIX – A 16-year-old boy diagnosed.
Cruise the ocean with gourmet food, craft cocktails and the best of the digital world
PORT OF SAN FRANCISCO — We’re.
Come to the Yucatan…
Standing barefoot on a wooden jetty.
Is the State Secretary of Public Security on his way out?
According to an unofficial source close.
Real estate “Boom” would raise the population of Mérida to two million before 2030
“The city of Mérida would increase.
Camazotz: the Maya Batman
In Maya mythology there is a.
Ochoa-Lopez murder: Baby boy cut from mother’s womb opens eyes for the first time
A baby boy, cut from his.