Mexico Cars Market, after signing the first monthly growth in almost 3 years in February, reported a sharp loss in March due to the Coronavirus outbreak. In March registrations fell 25.5% at 87.517, ending the first quarter at 296.677 (-10.9%).
Mexico Cars Market in 2019 has lost terrain for the third year in a row. Indeed, Full-year sales in 2019 were 1.317.937, down 7.6%. Nissan dominated with 20.1% of share, while Ford ended the year below 5% share, losing half of the quota since the 2010.
Mexico Cars Market has lost 7.1% in 2018 confirming the decline with actually 20 months of consecutive fall. Nissan on top of the list is losing share and now is at 21%, 4 points down in two years while BAIC is the first Chinese brand landed in the country, with 2.000 sales.
Mexico Vehicles Market 2017 have lost 1% having shifted in negative territory since July. Top Brands are losing terrain while recently landed have taken space, with Kia, Hyundai, Suzuki and Mercedes as the fastest growing. 2018 Outlook is negative.
Mexican vehicles industry ends the 2016 with a phenomenal increase and a new record, first time above 1.6 million sold, gaining one spot in the global ranking advancing in 12th place.
Mexico new cars record year at a 20% growing speed. Country’s short-term growth prospects appear bleak as low oil prices and a weak peso persist. Toyota and Mitsubishi grew up.
Mexico Car Sales in first half 2016 scored a new impressive record improving 18 percent from the previous scored just last year. Kia gains the 3.9% of market share while Chevrolet Spark leads in June.
Mexican New Vehicles in 2016 will be over 1.5 million as the market speed is unchanged and April was the 22nd year on year growing month. Launched one year ago, Kia outpaced the 4.000 units with share at 3.4%.
Mexican vehicles sales hit a new best in November keeping the momentum with the 12th year on year growth in a string, again doing better than any expectations. Nissan sales weak while Toyota boomed.
Mexican Automotive Industry a finger down the record in 2014 albeit a tremendous second half with all month growing in double digit. However last year was the best in eight. Hyundai landed in top 10.