Car sales increase 18% on Mexican market during September

Car sales increase 18% on Mexican market during September

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Car sales increased 18.1% during September on a year-on-year basis in the Mexican market according to the country's automotive industry association, AMIA.

The brief revealed that 131,443 units were sold over the ninth month of 2016 for a total 1.1 million during the current year, a 18.4% rise compared to the same period of 2015.

So far Nissan holds a 25% market share followed by General Motors (18.6%) and Volkswagen (16.2%). Toyota and Fiat Chrysler are tied with a 6.3% share, followed closely by Ford (6.2%). Honda (5.5%), KIA (3.6%), Mazda (3.5%) and Hyundai (2.4%) completed the list as other firms hold together a 6.4% share, according to AMIA.

On the U.S. market major automakers posted September sales that were slightly lower than a year ago, despite big consumer discounts, as pickup truck volumes fell for both General Motors and Ford.

Research firm Autodata Corp showed total industry sales at 1.44 million vehicles, down 0.5 percent for a seasonally adjusted annualized rate of 17.76 million from 18.05 million in September 2015.

GM, the top-seller in the United States, posted a 0.6 percent decline. Ford reported an 8 percent drop, and Fiat Chrysler Automobiles was down 1 percent.

Sales of Toyota grew 1.5 percent; Honda had a decline of 0.1 percent; and Nissan showed a 5 percent rise.

DesRosiers Automotive Consultants says sales of new cars and light trucks in Canadian market fell 0.5 per cent in September compared with a year ago. This marks the third consecutive month of declines.

Overall though, sales of new light vehicles were still up 3.2 per cent for the year-to-date compared with the same period in 2015.

DesRosiers reported sales of new cars and light trucks in September totalled 173,460 compared with 174,337 in the same month last year.

Car sales totalled 58,152 in September, down 7.6 per cent from 62,980 in the same month a year ago.

Light truck sales, however, totalled 115,278, up 3.5 per cent from 111,357 in September 2015.

The September figures bring the total number of new light vehicles sold in the first nine months of the year to 1,507,975, compared with 1,461,132 in same period last year.