Car sales increase 13.3% in November: Inegi

Business

By CAPosts 02 December, 2020 - 05:13pm 37 views

Mexico City. The sale of cars increased 13.3 percent in November, the month in which the Good End commercial campaign took place. However, it is still 23.5 below that reported in the comparable period of last year, reported the National Institute of Statistics and Geography (Inegi) .

© Provided by La Jornada Automobiles as it passes through the CDMX Interior Circuit in file image. Photo Jesús Villaseca / File

According to the agency, in November 95 thousand 485 units were sold, 472 vehicles above what the Mexican Association of Automotive Distributors (AMDA) estimated.

These data confirm the trend of the domestic vehicle market light: a "sustained but slow recovery from the shock caused by the closure of activities in April and May to combat Covid-19" and the "persistence of risks in the short-term scenario due to increased infections," he commented to the Regarding Guillermo Rosales, deputy general director of the AMDA,

In accumulated figures from January to November, 843 thousand 986 light vehicles have been marketed in 2020, which represents a fall of 28.9 percent compared to last year. The noise caused by the Covid-19 pandemic has brought this market to its lowest level since 2012, according to data from Inegi.

With the exception of Subaru and Volvo, which accumulate sales growth of 9.8 and 1.1 percent, compared to the period from January to November of last year, the rest of the brands that sell in the country had a decrease. The most pronounced are those of Jaguar, 67.5 percent less; Baic of 53.8 percent and Isuzu of 50.7 percent.

Guillermo Rosales declared that the Good End opens the beginning of the season with the highest sales of the year (November and December) that represent almost 20 percent of the annual total. Promotions from manufacturers and their dealer networks contributed to improving the willingness to buy, concatenated with a better mood from a part of the group of consumers with purchasing power who had been postponing the acquisition of a vehicle and who were willing to optimize their investment With the commercial offer available, he said.

However, "the short-term perspective points to a scenario similar to recent months, placing the main risk in an accelerated increase in infections that lead the authorities to restrict economic activities and mobility" , he asserted.

Source: MSN