Asian brands account for more than half of Mexico’s auto sales in the first quarter
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During the first quarter of 2018, auto sales of Asian brands in Mexico accounted for the first time for more than half of total, grabbing a 54.6% of market share, according to figures of the Mexican Association of Automotive Distributors (AMDA).
Auto sales in Mexico totaled 337,229 vehicles in the first three months of the year, a 10.8% decline compared to those sold over the same period in 2017. Also in the first quarter, 110,546 vehicles were imported from Asia, equivalent to 63% of total imports, a year ago the figure were of 50.8%.
At the end of March, market share of Japanese and Korean automakers in Mexico was as follows: Nissan 23.8%, Toyota 7.6%, KIA 6.9%, Honda 6.8%, Mazda 3.9%, Hyundai 3.5%, Suzuki 1.6% and Infiniti 0.2%, while Acura, Isuzu and Subaru each obtained 0.1%.
It’s worth noting that Nissan, Toyota, Honda, KIA, Mazda and Hyundai they all have assembly plants in the country, from where they also supply part of the domestic demand.