Mexico: Sales of new cars increase by 6.1% in October

Mexico increases sales of new cars
Image courtesy of La Jornada – Mexico increases sales of new cars

In Mexico increase the new car sales in October with respect to the previous month and compared to the same period of the year 2021, however, it continues without reaching the commercialization prior to the pandemic.

According to the Advance Results of the Administrative Registry of the Automotive Industry of Light Vehicles as of October 2022, the sale of new vehicles They increased 6.1% (5,259 more units) compared to September. Resulting 91 thousand 101 units soldits best level for October since 2019.

It should be noted that, despite moderate economic growth, inflation and the pessimism of Mexican consumers, car sales began to rise this October, after a monthly decline, last recorded in September of 5.8%.

New car sales increase in Mexico

On the other hand, regarding the commercialization of units in the country, an increase of 18.9% was registered in the tenth month of the year compared to the same month of the previous year. The year-on-year increase, meanwhile, was faster than that of September of 11.6%, which shows an acceleration in demand.

As for the first 10 months of 2022, the Mexican automotive industry marketed 869 thousand 630 units4.2% more than in the same period of 2021.

However, despite these increases, the sale of light vehicles is 18.2% (193 thousand 37 units) below the accumulated level registered between January and October 2019, on the other hand, compared to 2020, in the midst of the coronavirus pandemic , the commercialization is located 205 thousand 228 units sold above the same period.

New car sales increase in Mexico

According to information from 22 companies affiliated with the Mexican Association of the Automotive Industry (AMIA), Giant Motors Latin America and Autos Orientales Picacho, the National Institute of Statistics and Geography (Inegi) announced the progress of sales to the public in the market intern this Tuesday, November 1.


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