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.
Market Outlook
Arguably, no other country in the world will be as uneasy over its future as Mexico following the victory of Donald Trump in the U.S. election. Trump’s anti-Latino and protectionist rhetoric taps into the two most important issues in the U.S.-Mexico relationship, namely immigration and the North American Free Trade Agreement (NAFTA). It remains to be seen whether Trump will implement his most radical proposals on these issues, but Republican control of the U.S. Congress will certainly give him scope for action.
Waiting to know what the next future will deserve to this great country, the automotive industry is celebrating a fabulous 2016, a year when the domestic market has hit the monthly record each month with a so strong acceleration to merit the palm of the best market for the year at global level.
According to data released by the A.M.I.A., the Association of Mexican Automotive Industry, ending the year with sales up 22.5% and 19.6% respectively in November and December, the market gained one place globally and is now the 12th biggest, ahead of Russia.
With 192.556 sales, December was also the best sales month ever.
In the full year, light vehicles sales had been 1.604.759, up 18.7% from the previous year.
Competitive Arena
Despite starting with a remarkable share on market, Nissan managed to protect its solid leadership with full year sales at 402.000, first time over the 04 million, with share at 25.1%
The two biggest challengers reported a great year as well with Chevrolet second with 295.45 units (+20.7%) and Volkswagen third with 206.040 (+15.0%).
Toyota was fourth with 104.955 units (+23.8%) ahead of Ford with 99.269 sales (+13.4%), Honda with 87.944 (+19.6%), Kia 58.112 (+427%), Mazda with 54.855 (-4.4%), Dodge with 37.133 (+23.2%) and in 10th place Hyundai with 36.287..
As far as the Group’s performance, the leader was Renault-Nissan with 27.1% of market share followed by General Motors with 19.2% and Volkswagen with 15.4%.
Tables with sales figures
In the tables below we report sales for all Brands and top 10 models.
