Home Business-newBusiness Mexican vehicle sales drop 7.0% in November

Mexican vehicle sales drop 7.0% in November

by Yucatan Times
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According to Inegi data, the sale of vehicles was 124,797 new cars, 7% lower than the previous year.

On December 4, Mexico’s Institito Nacional de Estadistica y Geografia (INEGI) reported sales of 124,797 light vehicles in November, representing an 7.0% decrease from the same month in 2018.

General Motors sold 20,201 units (a 16.2% market share) in November, a decrease of 16.4% from last year.

Volkswagen Group sales of 16,891 units (13.5%) in November had decreased 11.1% from the same month in 2018.

Ford sold 4,873 units (3.9%), a decrease of 13.8%, and FCA sold 6,398 (5.1%) units, a decrease of 4.1%.

Nissan sales of 25,519 units (20.4%) in November decreased 10.5% from the same month last year.

Toyota sold 10,516 units (8.4%), a decrease of 1.0% from 2018, and Honda sold 6,391 units (5.1%), a decrease of 2.5% from October 2018.

Mazda sales increased 3.8% to 6,194 units (5.0%).

Kia sold 8,533 units (6.8%) in November, an increase of 0.3% from 2018, while Hyundai sales increased 3.5% to 4,456 units (3.6%) in November.

BAIC sold 323 vehicles (0.3%) in Mexico in November, while Giant Motors sold 490 JAC vehicles (0.4%).

Following this result, AMDA’s sales expectation for 2019 remains at 1.3 million units.

It is important to mention that in the case of KIA, the Korean company marketed in the first eleven months of the year 87,220 cars, representing an increase of 1.5 percent compared to what was reported in the same period in 2018. KIA is now among the top five car companies in the country.

The Yucatan Times

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