Mexico: Auto sales in 2019: 1.3 million units decreased for the third consecutive year
Mexico
January 16, 2020
Mexico: 2019 car sales
Mexico’s vehicle sales in 2019 decreased by 7.7% to 1,13,727 units (excluding large buses and trucks)
It has decreased for three consecutive years since 2017 (see the article on January 16, 2020)
By company: Sales volume: (see table)
The sales of the five companies fell sharply across the board.
General Motors (GM)
Ford,
Fiat Chrysler Automobiles (FCA),
Nissan,
Volkswagen (VW),
Japanese companies:
Mazda: Sales increased due to model change of mainstay Mazda 3
Toyota / Honda: Sales did not increase.
Suzuki: Sales increased by double digits for the fourth consecutive year and have been strong.
Mitsubishi / Isuzu / Subaru: Sales increased.
Korean companies:
Kia: While maintaining the positive,
Hyundai: Turned down year on year.
Popular car sales: Cause of slump: (See figure)
The policy interest rate has risen from 3.25% in February 2016 to 8.25% at the end of 2018.
As a result, car loan interest rates have also been rising.
This keeps the middle class, who relies heavily on loan sales, from buying.
The loan sales ratio in January-November 2019 was 59.5%, down from 68.2% in the previous year.
-JETRO
https://www.jetro.go.jp/biznews/2020/01/f90ae96d7056aecb.html