Asian brands account for more than half of Mexico’s auto sales in the first quarter

20 April, 2018

Warning: foreach() argument must be of type array|object, bool given in /home/mexiconow/public_html/sites/mexiconow/wp-content/themes/mexiconowwpnew/single.php on line 253

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.

MexicoNow

- This is how auto sales ended up in the NAFTA region during March

- Mexico’s auto sales sink 13.4% in March due in part to Easter holiday