Sale of new cars in Mexico ended 2017 with a 4.6% drop by selling 1.53 million light vehicles, according to figures from the Mexican Association of Auto Dealers (AMDA) and the Mexican Association of the Automotive Industry (AMIA).
The three best-selling automakers ended 2017 with sale decreases. Nissan sold 364,557 vehicles, 9.1% less than in 2016; General Motors sold 258,523 units, 16.2% less; and Volkswagen sold 233,942 units, 5.4% less compared to 2016.
In 2016, 1.6 million cars were sold, the highest volume in the history of the automotive industry in Mexico.
The increase in the price of vehicles, the interest rates and the indebtedness of Mexicans put a brake on car purchases in the local market.
However, there were brands that achieved a notable increase in sales during 2017, such as KIA, with a growth of 49.2%; Hyundai, 28.2%; Suzuki, 26%; Mercedes Benz, 22%; Infiniti, 22.5%; Subaru, 17.7%, and Peugeot, 13%.
December marked the seventh consecutive month of falling sales. Last month, 158,717 units were sold, 17.6% less compared to December 2016, also lower than the 162,558 units AMDA forecasted for the last month of the year.