Mexico Automotive ( PC +LCV ) Market in 2016
- The Mexican automotive market (PC + LCV) accelerated its growth in 2016 (+ 18.6% compared to 2015) to reach a new record. This market has thus exceeded 1,600,000 units (against 1,350,000 units in 2015) and is expected to approach 1,850,000 units in 2017, due to a solid level of economic activity and a relatively low motorization rate. The light trucks category (SUVs, pick-up trucks, MPVs ,the vehicle classification being identical to that of the United States and Canada ) saw its sales increase by 17% while sedan sales rose by 20%. The share of light trucks on the Mexican market is now 34% and that of sedans 66%.
- Most major manufacturers saw their sales increase in 2016 (except Mazda). Renault-Nissan (433,000 sales) remains by far the leader of the Mexican market, with 27% , ahead of GM (309,000) and Volkswagen (247,000). Sales for Toyota (105,000), Ford (102,000), Hyundai-Kia (94,000), Honda (90,000), and FCA (88,000) are substantially lower. The strongest growth in 2016 was recorded by Hyundai-Kia (+ 153%), Toyota (+ 24%), GM (+ 20%) and Honda (+ 19%). These four manufacturers gained market share in a market at + 18.6%.
- In 2016, 46% of the vehicles sold in Mexico come from Mexican factories, while 54% are imported.
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