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Mexico
Mexico is the world’s 14th country as territory extension and the 11th as population (115 million people). In 2011 with a GDP (purchasing power parity) of % 1.650 trillion was the 12th global economy. In spite the GDP growth was interrupted by 2009 financial crisis (-6.2%) the country recovered immediately and performed with a growth of 5.4 in 2010 and 3.8 in 2011. The country started a fast development during the nineties’ also thanks to the start of the North American Free Trade Agreement (NAFTA) in 1994, with US & Canada that incorporated an “emerging economy” with low level of income and low labor cost, inside two of more developed countries in the world. Nowadays Mexico has free trade agreements with over 50 countries and combine characteristic of an emerging economy with large and growing domestic market.
The automotive industry become really relevant for the country economy, with many production sites developed here as base of free export in all the Nafta area. In the 2011, the production surged at 2.557.000 vehicles, the world's 8th, while domestic market at 900.000 units was the 16th.
Mexican car market boomed 19% in April 2013! Ford in good shape!
14 May 2013
The significant month of April, with the seasonal effect of the Holy Week and Ester are already discount, gave a further positive verdict over the Mexican market outlook. Sales were up 19.5%, with year to date ended up by 9.0%. Ford posted a strong month with share at 8.6%
Mexico car market slipped 1% in March. Volkswagen and Audi hot!
25 April 2013
Mexican market was stable in March, when sales slipped 1.0% from last year, keeping the year-to-date performance positive by 5.8%. Volkswagen grew 17% and Audi 49%, while Renault struggled and was outpaced by Seat.
Mexico car market will be pushed up by Obama's immigration reform.
23 March 2013
Following the booming sales reported in January, the Mexican car market was positive again in February growing 7.3% from last year with cumulate sales up 9.6%. U.S.Congress immigration reform would boost Mexico consumer spending demand and hit car market.
Mexico car market jumps 12% in January 2013. Nissan at 25%.
22 February 2013
Recovering from the December shortfall, the Mexican vehicle market surged 11.9% in January 2013, starting the year above the expectations. Nissan started the year with share above 25% driven by Versa, Tsuru and Sentra.
Mexico Car Market in 2012 failed 1 million sales target. Nissan at 25%
23 January 2013
In spite of slight decline posted in December, when the market was down 4.2% from last year, the Mexican car market ended the 2012 with a robust 9.0% increase. Nissan posted 5 models in the Top 10, dominating the market with almost 25% of share.
Mexico Car Sales up 10.5% in November 2012. Chrysler & Audi hot.
20 December 2012
Following the booming sales reported in October, the Mexican car market was positive in November, with year-to-date sales up 11% from last year. Chrysler posted the best share of the year, while the leaders Nissan and Chevrolet the worst.
Mexico Car Sales up 10% in October 2012. Volkswagen was hot.
17 November 2012
In Mexico the car market momentum continued, pushed by a growing economy and car loans increased availability and in October surged almost 10% from last year. Year-to-date sales were up 11%. Good news for Volkswagen, at best share of the year.
Mexico car market rose 8% in September 2012. Volkswagen, Toyota & Audi up
22 October 2012
In September, the Mexican car market posted 79,960 sales, up 8.1% from last year. Cumulative sales were 701,901 units, up 11.2%. Volkswagen in the 3rd position posted the best share of the year, while Toyota and Audi posted a great performance.
Mexico car market rose 10% in August 2012. Chevrolet & Ford up.
19 September 2012
The Mexico car market maintained upward momentum in August when the 30th increase in a row was posted with 83.326 sales, up 10.1% from last year. The year-to-date August sales were 621.941, up 11.6% from previous year. Chevrolet & Ford performance up.
Mexico car sales surged 11% in July 2012. Audi was up.
28 August 2012
In July, the car market in Mexico posted the 29th year-on-year gain in a string with 76.376 sales, up 11.4% from last year in line with the first half trend. Year to date sales in July were 538.615, up 11.8%. Audi on top of luxury.
Mexico car market: June up 12% Chrysler and Toyota in good shape
20 July 2012
In June, the car market in Mexico posted the 28th year-on-year increase in a string with 78.500 sales, up 14.8% from last year. The first half 2012 sales were 462.000 up 11.9% from last year. Chrysler at 9.6% and Toyota at 5.7% were at their best this year.
Mexico car market jumped 17% in May 2012. Honda share was hot!
21 June 2012
The Mexican domestic car market momentum continued in May with 80.267 sales, up 16.9% from last year. The year-to-date sales through May at 383.731 units were up 11.3% from last year. Honda share at 5.6% was up 1.8 points from last year.
Mexico new car sales April 2012: Nissan over 25% of share
26 May 2012
April continued the string of 26th positive months, raising 7.1% from last year with 69.889 sales. Year to date sales through April at 303.463 units were up 9.9% from last year and the market projects around 1 million vehicles for this year.
Mexico car industry: Q1 2012 sales calls for over 1 million sales.
24 April 2012
In Mexico the first quarter 2012 light passenger vehicles registrations were 233.564, up 10.8% vs. Q1 2011 and 27.7% vs. Q1 2010 and are now projected over the 2008 all-time record volume, above 1 million units. Nissan was leading the group, with over 26% of share.
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Mexico car market 2012 outlook. Nissan on the top.
