Car sales keep falling

Car sales fell almost 6.96 percent in November, the month’s steepest decline since 2015, Inegi has reported. Some 124,797 new cars were sold in during the month.

Between January and November this year, domestic car sales reached 1 million 187,284. This is 7.6 percent less than the same period last year and the biggest drop in figures since the 2009 crisis.

Nissan retained the coveted first place in sales rankings with 241,885 cars sold. However, this represents 14.4 percent less than last year’s sales. General Motors (187,990 cars, down 9.2 percent), Volkswagen (129,042 cars, down 9.9 percent) and Toyota (94,342 cars, down 2 percent) followed among top manufacturers.

Fifth place KIA is a different story. The Korean manufacturer sold 87,220 cars, increasing 1.5 percent on last year’s sales.

Head of Mexican Association of Automotive Distributors (AMDA) Guillermo Rosales, warned that poor domestic sales will affect employment and insecurity in some regions and could lead to the stagnation of the national economy. AMDA expects to reach sales of 1 million 304,000 cars in 2019.