Vehicle sales in Mexico drop 41.1% during June

MEXICO –  During June 62,837 vehicles were sold in Mexico, 41.1% lower than that registered in the same period last year, the National Institute of Statistics and Geography (Inegi) reported; this is the biggest drop in the industry for a similar month in 25 years.

In June 1995, car sales had plummeted 76.5%, according to data from the National Association of Automotive Dealers (AMDA). Guillermo Rosales, deputy general director of the group, stressed that the sale of new vehicles continued to be conditioned by the social isolation caused by the health contingency before COVID-19, which forced automotive distributors to close their sales floors.

Due to this circumstances, vehicles could only be commercialized through the combination of remote sales channels (telephone service, social networks, websites) and home care. “From the beginning of social isolation caused by COVID-19, the consumption habits of the population and the management capacity of distributors quickly changed, adapting to the environment and using these channels in a better way,” Rosales stressed.

Source: El Financiero