Mexican market up 10.8% over the first 9 months of 2017
- The Mexican market (PC + LCV) fell by 4.2% in September 2017, and this is the first time in several years that there has been a monthly decline in this market, even if it is minimal. However, since last spring, the Mexican market has been slowing down sharply (see chart).
- Is this market going towards a growth crisis? This is the question we can ask, because this market doubled in volume between 2009 and 2016, from 0.75 million to 1.45 million units over the period.
- Market growth over 2017 as a whole will depend on the last three months of the year. Admittedly, over the cumulative 9 months of 2017, the Mexican market is still up 10.8%, to 1.1 million units, but this growth may be annihilated if the months of October, November and December follow the trend of July, August and September. Therefore, the volume of the Mexican market can not be accurately estimated, but it should be between 1.5 million and 1.55 million units, according to Inovev, which would set a new record.
- The particularity of the Mexican market is that the proportion of light trucks in sales has increased significantly in recent years, from 25% of registrations in 2016 to 35% in 2017.
- Three groups make up 58% of the market in 2017: Renault-Nissan (26%), GM (16%) and Volkswagen (16%).
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