EconomyFinancialCar sales pick up in Mexico in August

Car sales pick up in Mexico in August

In August, sales of light cars in the domestic market rebounded, reaching 91,124 units sold.

It is the second best month of the year for sales of the automotive industry in the domestic market, according to figures revealed by the National Institute of Statistics and Geography.

The difficulties in supply chains and the shortage of semiconductors worldwide have stopped the growth of the automotive industry after the passage of the covid-19 pandemic.

In August 2022, for the first time the 80,000 units sold since the start of the pandemic are exceeded. However, there is still a gap to reach the maximum sales for the same month, which occurred in 2016, when 131,888 cars were sold.

Thus, sales in August were 16.4% higher than those made in August 2021 and 9.6% higher than in July.

So far in 2022, 692,685 light vehicles have been sold in the domestic market.

Car production, for its part, recovered during July, growing 10.4% at an annual rate. In July, 259,994 units were produced in the country, that is, 24,614 more than in July 2021. This represents an annual growth of 10.46%. And if the accumulated production is observed in the period from January to July, there is also an increase of 4.76% at the annual rate.

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