The Mexican market (PC+ LCV) fell by 7.2% in 2018
- The Mexican car market (PC + LCV) fell by 7.2% in 2018, to 1.42 million units against 1.53 million in 2017, a record year in the Mexican market.
- The political and commercial tensions between Mexico and the United States surely played in this negative evolution of the Mexican market. However, it is necessary to relativize this decline, since this figure of 1.42 million is the third best of the decade, the low point being in 2010 with a volume of only 0.67 million units.
- Like the Canadian market, has the Mexican market reached a plateau in 2017? Nothing is less certain, because the motorization rate in Mexico is still much lower than that recorded in the United States or Canada.
- Inovev nevertheless expects the Mexican market to fall by around 5% in 2019 bringing the market down to 1.35 million units this year, before returning to normal in the following years.
- Most manufacturers‘ sales declined in the Mexican market in 2018. The Renault-Nissan group nevertheless retains its leading position, with a market share of 24.1%, ahead of GM groups (16.6%), Volkswagen (13.8%), Hyundai-Kia (10.2%), Toyota (7.7%), Honda (6.1%), Fiat-Chrysler (5.2%) and Ford (5.0%) ). SUVs accounted for 29% of the Mexican market in 2018 (versus 27% in 2017) and sedans 57% (compared to 59% in 2017).
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