El Buen Fin pushed new car sales 8% during November, but they persist at low levels

During November 2021, 82,829 were sold in Mexico new cars, which represented an increase of 8% compared to the previous month; This growth broke the negative trend that vehicle sales had followed for three months.

The Japanese Nissan continues to be the automotive leader in sales in the national market, with about 18% of total sales, according to figures reported by the AMIA (Mexican Association of the Automotive Industry) published by Inegi.

This rebound was driven significantly by consumer incentives during El Buen Fin, which took place nationwide from November 10 to 16.

The automotive industry has been one of the hardest hit by global problems in the supply chain and the scarcity of inputs; For this reason, its post-pandemic recovery has dissipated especially during the second half of 2021.

Even with this modest rebound in total new car sales, this level remains below the 2020 level and significantly lower than before the pandemic. In this penultimate month of the year the sales of Light vehicles of agency fell 13% year-on-year and 34% compared to November 2019.

Projections continue to indicate that global problems in the supply of inputs and industrial production will continue to exert pressure on the level of economic activity.


Leave a Comment